Workshop on AML/CFT processes begun in Sanaa

SANAA, June 17 (YPA) – The National Committee for Combating Money Laundering and Terrorism Financing launched on Saturday in Sanaa an awareness workshop on anti-money laundering and countering the financing of terrorism (AML/CFT).

The three-day workshop aims to provide 37 participants from the Presidency, Parliament, the Council of Ministers, the Shura Council, the Ministries of Finance and Foreign Affairs, and a number of government agencies with skills and knowledge about money laundering and terrorism financing crimes, their various stages, methods, and associated international, national, and legal terms, as well as the legal nature of money laundering and terrorism financing crimes.

The participants will also learn about international conventions and standards for combating money laundering and terrorism financing, the risks and effects of money laundering and terrorist financing operations, financial institutions and designated non-financial professions, the control and supervision authorities, their definitions, duties, and obligations, and procedures to combat money laundering and terrorism financing.

YPA