Workshop on money laundering [Archives:2003/693/Local News]

Ridhwan Al-Saqqaf
The Central Bank of Yemen (CBY) and the Banking Studies Institute are to hold a 4-day workshop on fighting money laundering in Aden on Saturday.
The workshop meetings are expected to be attended by a number of senior government officials, banking apparatus of Yemen and it is to aim at dissemination of awareness on the theme of fighting money laundering in Yemen.
Chairman of board of directors. The director- general of the Yemeni National Bank Abdulrahman Mohammed al-Kuhali major supporter of the workshop told Yemen Times that the workshop would focus on many economic, political, legal, banking and financial topics, in addition to information premise and all of them would focus on fighting money laundering.
This is to be considered the first step the Central Bank and other concerned parties are taking. The Central Bank is currently preparing a draft law on the fighting of money laundering in Yemen.
The workshop also aims at explaining the law No.35 for 2003 that has considered such operations as crimes. Participants in the workshop are also to be informed on the concept of money laundering and ways of tackling them as well as the negative impact of those operations and their economic, political and monetary damage.
Yemen efforts in this regard come within the framework of the international community interest and for unifying international will for fighting this phenomenon through pinpointing its sources and requisites for ending it according to international criteria.
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