Experts examining the violent and fatal attacks that the Yemeni HOUTHI rebels are raining down on merchant shipping in the Red Sea/Gulf of Aden region have concluded that they are being conducted solely to distract attention from the failed economy in the Houthi-occupied area of Yemen, and definitely not to support the Hamas terrorists in their war with the State of Israel. The Houthi claim, that it is conducting attacks on shipping in solidarity with the Palestinians in the current Gaza war, is merely a pretext to divert the Yemeni people from the dire economic situation in the rebel-held portion of the country. The Houthis are levying extremely high taxes and fees on the civilian population, especially operating businesses, to finance their war on the legitimate government of Yemen, and these charges are seriously impacting the economy.
Given this fact-based conclusion, do not expect the missile and drone attacks to end if the Gaza war has a temporary, or even permanent, ceasefire. Therefore, compliance officers engaged in countering TBML should accept that they will continue to face uneven and uncertain aspects of trade payments, meaning that uncovering trade-based money laundering operations that take full advantage the chaotic situation will persist. They must adjust their investigative methods and ever-changing guidelines accordingly.
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