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

Bassam Raweh, Fadi Shihadeh, Farouk Alobaidi, Abdullah Aloqab


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.

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Business and Economic Research  ISSN 2162-4860

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