Headquarter - Aden


Sponsored by the Governor of the Central Bank, the Financial Information Unit organized a workshop for compliance professionals from banks operating in the Republic


The event, held on November 26, 2023, in the capital, Aden, was a collaborative effort with the United States Agency for International Development (USAID). The workshop, titled "Building the Capacity of Compliance Officers in Banks to Perform the Minimum Due Diligence and Assess the Risks of Money Laundering and Terrorist Financing," aimed to enhance awareness and capabilities in combating money laundering and terrorist financing. The initiative also sought to facilitate the exchange of experiences and strengthen cooperation among compliance officials in all banks.

The workshop's inauguration commenced with a speech by the Head of the Financial Information Unit, expressing gratitude to the Central Bank's leadership, particularly His Excellency the Governor, for sponsoring the event. The Head also acknowledged the National Committee for Combating Money Laundering and Terrorist Financing for their moral and logistical support.

Following this, the Vice Chairman of the National Committee, Mr. Hussein Al-Mihdhar, delivered a speech welcoming attendees and participants. He praised the involvement of Judge Afrah Badwilan, Chairman of the Supreme National Anti-Corruption Commission, highlighting the collaborative efforts of relevant parties in organizing joint work. This collaboration occurred just days before the general meeting of the Financial Action Task Force for the Middle East and North Africa (Metafatf), during which the Republic of Yemen was expected to chair the group for two sessions in 2024.

Mr. Mansour Rajeh, the Head of the Banking Supervision Department at the Central Bank, emphasized the importance of utilizing the workshop's working papers to establish and reinforce compliance concepts and culture. He encouraged participants to strengthen controls and supervisory instructions for compliance in the field of combating money laundering and terrorist financing, aligning with government legislation and laws that the Central Bank is actively modernizing.

The workshop's sessions covered various essential topics, including regional and international efforts to combat money laundering and terrorist financing, supervisory controls for non-profit associations, updated supervisory instructions and controls for the Central Bank, and skills for assessing money laundering and terrorist financing risks. The first day concluded with a general discussion.

It is noteworthy that the workshop is scheduled to take place from November 26 to 27, 2023.

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