Several suspicious transactions amounting to around $84 million were found between 2014 and 2016.

The final report of the International Committee for sanctions in Yemen revealed new details about money laundering in the country. The investigative team that specializes in financial networks learned that Khaled Ali Abdullah Saleh was playing a prominent role in managing the financial asset on behalf of his father, ex-President Ali Abdullah Saleh and his brother Ahmed who are on the sanctions list.

The team found out suspicious transactions of about $84 million in the period between 2014 and 2016 within six companies and five banks in five countries outside the regular fund management of high net worth individuals. Among the accused companies was Redan Investment and Accounting, utilized by Khaled Ali Abdullah Saleh.

As for the financial black market activities related to armaments at the regional level, the panel highlighted the role of Faris Hassan Hassan Manna, which drew the attention of the team, especially after his appointment as Minister of State in the post-coup government established in November 28, 2014, chiefly in light of his relationship with Ali Abdullah Saleh and the Houthis. He travels freely with a Yemeni diplomatic passport, including to the Schengen area in Europe.

The report concluded that continuous and effective implementation of the sanctions will deter these individuals and their supporters from participating in acts threatening the security and peace in Yemen.

[vuukle]