Do Yemeni Banks Adhere to Best Practices of Anti-Money Laundering?

Bassam Raweh (), Fadi Shihadeh, Farouk Alobaidi and Abdullah Aloqab

Business and Economic Research, 2018, vol. 8, issue 1, 164-177

Abstract: This study intends to confirm whether the banks in Yemen adhere to international laws and procedures on anti-money laundering. We used primary data and descriptive analytical methods. The research encompasses 11 banks located in the Yemeni capital of ¡°Sana¡¯a¡± . The total number of branches used as study sample is 60. The analysis reveals that most Yemeni banks adhere to international laws and regulations on anti-money laundering. We recommend conducting further studies on the topic including its effect on financial results, the influence of the technological system, further controls needed in the country.

Keywords: Anti-money laundering; Yemeni banks; Central banks; Financial institutions; Procedures; Laws (search for similar items in EconPapers)
JEL-codes: E58 G28 K14 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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