White House Renew Yemen Sanctions


On May 8, White House continued OFAC sanctions against Yemen.


  • White House continued for 1 year national emergency and sanctions against Yemen.
  • Renewal Rationale
  • Actions and policies of certain former members of the government of Yemen and others that threaten Yemen's peace, security, and stability continue in effect.
  • Actions include obstructing the political process in Yemen and blocking implementation of agreement of Nov. 23, 2011, between Yemen government and its opposition.
  • The agreement provided for peaceful transition of power that meets needs of people.
  • Continues to pose unusual, extraordinary threat to US national security, foreign policy.
  • Effectiveness
  • National emergency to continue in effect beyond May 16, 2020, for an additional year.
  • May 11, 2021 Continuation
  • On May 11, 2021, White House issued a continuation of the national emergency with respect to Yemen; emergency sanctions renewed additional year until May 16, 2022.
  • May 13, 2021 Federal Register
  • On May 13, 2021, White House published continuation notice in the federal register.
  • May 2022 Continuation
  • On May 11, 2022, White House published notice of continuation of national emergency with respect to Yemen; renewed sanctions for 1 more year until May 16, 2023.
  • May 2023 White House Continuation
  • On May 11, 2023, White House published notice of continuation of national emergency with respect to Yemen; renewed sanctions for one more year until May 16, 2024.

Regulators OFAC; White House
Entity Types B/D; Bank; Corp; Ins; MSB; Thrift
Reference PR, Nt, 5/11/2023; 87 FR 29023, 5/11/2022; PR, Lt, 5/9/2022; 86 FR 26341, 5/13/2021; PR, 5/11/2021; 85 FR 27643, 5/8/2020
Functions AML; Anti-Bribery; Compliance; Financial; Operations; Reporting; Sanctions
Countries United States of America; Cross-Border; Yemen
Category
State
Products Banking; Deposits; Insurance; Loan; Mortgage; Payments; Securities
Regions Am
Rule Type Final
Rule Date 5/8/2020
Effective Date 5/16/2024
Rule Id 77306
Linked to N/A
Reg. Last Update 5/11/2023
Report Section AML & Enforcement

Last substantive update on 05/16/2023