- The team of evaluating financial systems composed of financial experts from several American agencies said Tuesday Yemen is still at the first stage of developing anti money laundering system. The team pointed out the necessity of taking a number of other factors into consideration when thinking of training on fighting money laundering and funding terror in Yemen.
Evaluation of the American team on Yemen's capabilities in fighting money laundering and funding terror mentioned that among the these factors is non-existence of a law in harmony with international criteria and the need for comprehensive legal reform and limited existence of institutions for combating money laundering.
In a press release the embassy of the United States, a copy of it received by almotamar.net, said it delivered Monday an evaluation of Yemen's abilities in fighting money laundering and funding terror to chairman of the national committee on fighting money laundering Ahmed Ghalib as part of its continuous support for transparency and efforts for fighting corruption in Yemen.
The information and cultural attaché office at Washington's embassy said the assessment defined several areas of interest by the joint American and Yemeni initiatives and programmes, among them drafting of a new law for funding fighting of terror and expansion of training of inspectors from the Yemeni Central bank.
The team for assessing financial systems recommended concentration of the first training on the help for drafting laws and operations of financial training as well as training on discovering suspect dealings and reporting them. During its visit to Yemen lat March the team visited many facilities in the government and private sector, among them the Central Bank, information unit on fighting money laundering, the political security apparatus, the ministry of interior, the two parliamentary committees of foreign and constitutional affairs and Parliamentarians against Corruption and Yemeni bankers League.
The American embassy affirmed in the press release affirmed its willingness to help Yemen government in its efforts aimed at fighting money laundering and funding terror.