Press Releases
US Embassy delivers assessment of Yemen's financial systems to Yemeni government
March 25, 2008
The U.S. Embassy delivered an evaluation of Yemen’s capacity to combat money laundering and terrorist financing to Ahmed Ghaleb, Chair of the Yemen Government’s National Anti-Money Laundering Committee and Chair of the Tax Authority, on March 24, 2008 as part of its ongoing support for transparency and anti-corruption efforts in Yemen.
The assessment identified several areas of focus for joint US-Yemeni initiatives and programming, including the drafting of a new counter-terrorist financing law and expanded training for examiners from Yemen's Central Bank.
The report was drafted by a US government-sponsored Financial Systems Assessment Team made up of financial experts from a number of US government agencies. The team visited Yemen in March 2007 and conducted visits to a number of government and private sector entities, including the Central Bank, the Anti-Money Laundering Information Unit, the National Anti-Money Laundering Information Unit, the Political Security Organization, the Ministry of Interior, the Attorney General’s Office, the Customs Authority, the Ministry of Social Affairs and Labor, the Tax Authority, the Foreign Affairs and Constitutional Committees of the Yemen Parliament, the Yemen Parliamentarians Against Corruption (YemenPAC) and the Yemen Bankers Association.
The U.S. Embassy stands ready to assist the ROYG in its Anti-Money Laundering and Counter-Terrorist Financing efforts.
Please click on the following for a copy of the complete report: