Chainalysis reposted this
🚨🔔 It’s another #OFAC designation involving #crypto! Sa’id Ahmad Muhammad Al-Jamal is an Islamic Revolutionary Guards Corps-Qods Force (#IRGCQF) financier who was sanctioned initially on June 10, 2021 for his role in leading a network of shell companies, money service businesses and shipping industry entities to help generate revenue for the #Houthis in Yemen. Today, OFAC has updated the designation to include five cryptocurrency wallets associated with Al-Jamal. More to come on this from Chainalysis later today. 👀 Per Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith, “Today’s action underscores our commitment to leveraging all our tools to disrupt the Houthis’ efforts to acquire weapons, procure dual-use components, and secure additional revenue.”
