Cabinet studies report on money laundering, funding terrorism

The cabinet studied in its meeting held on Tuesday, a report raised by the Finance Minister and committee of controlling money laundering over results of Financial Working Group in the Middle East and North Africa and Yemen’s efforts in this field.

The cabinet approved continuous work of the Supreme Observatory Committee headed by governor of the central bank . They are to follow up on carrying out the plan for enhancing measures curing faults and issuing law for combating money laundering as well as ratifying Yemen’s joining the UN treaty against terrorism funding.

The cabinet also approved the report of the financial minister over results of liquidation of the General Corporation for Foreign Trade and Grains and approved dissolving works till 30-6-2008.

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