Riyadh slaps sanctions on 11 Yemenis, 2 entities for terror links
RIYADH: Saudi Arabia’s Presidency of State Security, along with the Terrorist Financing Targeting Center (TFTC), imposed on Wednesday sanctions on 11 Yemenis and two entities based in Yemen, having identified them as leaders, financiers, facilitators or supporters of Daesh in Yemen and Al-Qaeda in the Arabian Peninsula.
“This bold and innovative multilateral approach is needed because terrorism poses a threat to all of our nations. It is critical that we come together to combat this,” US Treasury Secretary Steven Mnuchin said in a speech in Riyadh, according to AFP.
“We coordinated this action with the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Bahrain, and Qatar, who designated these advocates of terror under their own domestic authorities. This is the largest ever multilateral designation in the Middle East.”
The TFTC was announced on May 21 as a joint effort to pursue the financial resources of officially designated “terror” groups across the region.
The sanctions that will be imposed on the listed individuals and entities include the freezing of any assets within the member countries of the TFTC. And citizens and residents of TFTC countries are prohibited from engaging in any transactions with the sanctioned individuals and entities.