Course on banking concluded [Archives:2004/790/Local News]

November 15 2004

By Bassam Al-Saqqaf
For the Yemen Times

The governor of the Central Bank of Yemen concluded on Nov. 9 a course on deterring money laundering and combating the funding of terrorism.
The course was organized by the Central Bank of Yemen and Banking Studies Institute.
As many as 40 participants from different parties took the course.
The governor pointed out in his concluding speech that Yemen is among the first Arab countries to issue legislations and carry out procedures combating terrorism, money laundering and banditry and kidnapping crimes.
Such efforts made Yemen rank 24th at the world level.
The International Credit Fund got full information about what Yemen has achieved to meet the decision of International Peace Council.
Simultaneously, Mr. Al-Samawi concluded five other courses for workers at the Central Bank of Yemen and the banking sector.
The courses focused on the clearance and financial analysis for banks as well as banking hazards and development facilities. 90 trainees from the Central Bank of Yemen and other Banks all over the country have attended the training course.
The governor referred to the stability of Yemeni markets, especially the rate of currency power. This encouraged the Yemen and Arab Capitals to be invested in joint projects estimated at hundred of millions of dollars.
The functions took place in the presence of Mr. Ahmad Ghalib Secretary of the Ministry of Finance & and President of the Money Laundering Committee, and Dr. Abdurrahman Khalfan, Director of Arab Investment Company based in Bahrain as well as a number of bank managers and central bank agents.