US Imposes Sanctions on Syrian Firm for Funding Quds Force and Houthis
TL;DR Summary
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned 26 entities linked to the Syrian Al-Qatirji Company for generating significant revenue for Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis through the sale of Iranian oil. The sanctions aim to disrupt the financial networks supporting Iran's destabilizing activities in the region. The Al-Qatirji Company, previously sanctioned for facilitating fuel sales between Syria and ISIS, is now a major financial channel for the IRGC-QF, with oil proceeds also funding the Houthis.
- Treasury Targets Syrian Conglomerate Funding Qods Force and Houthis Treasury
- US slaps sanctions on Syrian conglomerate for funding Quds Force and Houthis The Times of Israel
- US targets Syrian company with sanctions over IRGC, Houthi funding The Jerusalem Post
- SRA to Increase its Focus on Money Laundering AML Intelligence
- U.S. Tightens Grip on Syria with New Sanctions Devdiscourse
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