Yemen confirms the improvement of anti-money laundering and terrorist financing combating system
The Governor of Central Bank of Yemen Mohammed Awad Bin Hammam assures that Yemen is making significant efforts to improve the systems of combating money laundering and terrorist financing, including a special law for AML and its implementing regulations.
The workshop on combating money laundering and the financing of terrorism is organized by the National Committee to combat money laundering and financing terrorism in cooperation with the U.S. embassy in Sana'a over the three days with attendance of 70 people representing law enforcement authorities in Yemen.
The governor stated at the opening address that Central Bank of Yemen at the forefront of agencies involved in combating money laundry and improve the systems.
He said: The efforts are continuing within the framework of action plans and commitments, we have issued instructions , guidelines and models for financial institutions, stressing that the bank would not hesitate to provide more support to achieve the goals and objectives in line with international efforts in this area.
He pointed out that the banking and financial sectors responsibilities in this respect have a great importance; because it is more likely than others to encounter these risks, and therefore should put more efforts to have it controlled.
He also noted that the crimes of money laundering and the financing of terrorism are global – cross border problems and constitute a real danger to the stability and transparency and efficiency of financial systems in all countries