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Legal and Regulatory Reforms for Anti-Money Laundering in Yemen: Practical Challenges and Future Prospects
This study analyzed the legal framework for combating money laundering in Yemen to identify guarantees provided. Using content analysis, it examined international conventions and Yemeni legal texts, including laws, executive regulations, and Central Bank decisions. Additionally, a descriptive-analytical method was employed to describe the operational reality of supervisory institutions and the challenges they face. The study reached several results, notably: general conformity between Yemeni legislation and basic international standards, though gaps remain in detailed and practical aspects. Furthermore, there is weak coordination between the supervisory and judicial bodies in Yemen. The Financial Information Unit requires further technical and human support to enhance analytical capabilities. The study highlighted that using financial technology in supervision, alongside strong law enforcement mechanisms, represents beneficial areas for Yemen. The study concluded with recommendations: the Yemeni legislator must amend laws to include new predicate offenses and match evolving money laundering methods. The Central Bank should tighten supervisory measures on financial institutions and effectively develop electronic reporting systems. The Financial Information Unit should enhance analytical capabilities and activate international cooperation for information exchange. Finally, the Yemeni government must establish a comprehensive national strategy for combating money laundering that includes capacity building and necessary resource provision.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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Legal and Regulatory Reforms for Anti-Money Laundering in Yemen: Practical Challenges and Future Prospects. (2026). Sana’a University Journal of Human Sciences, 5(8), 327-362. https://doi.org/10.59628/jhs.v5i5.2731