Yemen exited from financial action task force statement on AML

Financial Action Task Force (FATF) has approved the exit of Yemen from the FATF Public Statement on jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies.
At the FATF annual meeting which held in Paris on 25-27 June 2014, and according to the FATF's International Co-operation Review Group (ICRG)'s recommendations, Yemen has been exited from the public statement due to its progress in addressing its action plan agreed upon with the FATF.
It is worth to mention that the 19th Plenary General Meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) against Money Laundering and Terrorist, held in the Bahraini capital, Manama, approved providing an exit request from the on-going follow up process to the process of updating every two years by Yemen.
This came in the light of Yemen's success in overcoming the danger case through issuing legal amendments and implementing an action plan cope with the international standards to strengthen the system of the AML/CFT deficiencies and addressed all the shortcomings in this area.