Treasury Targets Qods Force, Houthi, and Hizballah Finance and Trade Facilitators

March 26, 2024

Publication: 

U.S. Department of the Treasury

Related Country: 

  • China
  • India
  • Lebanon
  • Liberia
  • Panama
  • Vietnam

The United States sanctioned six entities, one individual, and two tankers for facilitating shipments and financial transactions for the IRGC Quds Force, the Houthis, and Hizballah. Sanctioned entities included Liberia-based Hassaleh International Company, which owns Panama-flagged DAWN II (IMO 9185530), India-based KNH Shipping Private Limited, also known as KNH Global Private Limited, and the Panama-flagged ABYSS (IMO 9157765), owned by Vietnam-based Quoc Viet Marine Transport JSC and operated by India-based Melody Shipmanagement Pvt Ltd. These entities worked with the network of Houthi financier Sa’id al-Jamal to ship Iranian commodities to China and obscure their activities with forged documents and ship brokering services.