Yemen central bank warns against dealing with unlicensed investment entities

SANAA, Dec. 25 (YPA) – The Sanaa-based Central Bank of Yemen has issued a warning to citizens against dealing with dealing with unlicensed network marketing entities, including the so-called Qnet company and other similar entities.

In a statement on Thursday, the bank stressed that such activities involve fraud and deception, cause serious harm to both the national economy and citizens, and expose participants to legal accountability.

The statement called on citizens to report such activities and verify the legality of companies through its toll-free hotline (8006800).

AA