Almotamar.net - A government draft law under parliament consideration was approved Monday and stipulates the formation of a national committee for combating money laundering and financing of terror in Yemen. The committee is composed of representatives for the ministries of Finance, Justice, Interior, foreign Affairs, Trade, and the Social Affairs in addition to the National Security Apparatus, , Monitoring and Audition, the Central Bank, Banks society, Investment Authority and the Federation of the Chambers of Commerce and Industry.

The committee is to undertake a number of duties especially related to proposing policies, preparing regulations pertaining to combating the financing of terror and money laundering and facilitation the exchange of information among the parties the committee is composed of.