SANA'A, July 21 (Saba)- Governor of the Central Bank of Yemen (CBY) Ahmad Al-Samawi confirmed on Saturday that Yemen has a clear fiscals system and a number of measures and legislations for combating money laundering and supplying terrorism, indicating that Yemen has had many steps in this field with the help of many countries.

During his meeting with a delegation of the Fiscal Working Group in the Middle East and North of Africa of Anti-Money Laundering and Terrorism Finance, Al-Samawi re-confirmed that Yemen is not a suitable place for money laundering. He reviewed legislations and measures Yemen has for combating this illegal act.

The CBY governor also indicated that Yemen is one of the first countries that issued laws of combating money laundering and terrorism finance. He clarified that the CBY has imposed measures on every bank to have all information about any client opens account valued more than ten thousand US Dollars.

The delegation appreciated Yemen's efforts in the field of combating money laundering and terrorism finance, praising cooperation of concerned authorities in this field.

It also pointed out that the aim of establishing this group, which Yemen is one of its founders, is to help a member countries in the field of money laundering, exchanging experiences and making use of experiments of developed countries.

MS/AM

Saba