Free Republic

Yemen-based Ansar Allah, widely known as the Houthis, continues to have a profound impact on global security. The group’s ongoing operations in the Red Sea affected an estimated US $1 trillion worth of maritime cargo between October 2023 and May 2024, and despite periodic kinetic attacks, its operations show no signs of abating. Moreover, evidence suggests the Houthis enjoy the financial and military backing of Russia and China, in addition to their established ties with Iran. This Insight explores the Houthis’ financing mechanisms, including leveraging technology to evade sanctions and the involvement of foreign facilitators with demonstrable and plausible ties...

In a massive sting operation straight out of a crime thriller, Spanish police have smashed one of Europe’s most powerful underworld banks – a slick, secretive syndicate laundering millions using the ancient and shadowy “hawala” method. Cash, crypto and contraband – the works. In unbelievable scenes, Spain’s National Police, backed by EUROPOL and EUROJUST, swooped on a web of luxury and illegality. The secret January raids – now revealed – saw over 250 officers hit 13 locations across Spain and Belgium in a coordinated blitz, nabbing 17 suspects, seizing mountains of loot and blowing apart a money-moving machine that had...