yemen anti money laundering law n°35 of 2003

8/3/2019 Yemen Anti Money Laundering Law N°35 of 2003

http://slidepdf.com/reader/full/yemen-anti-money-laundering-law-n35-of-2003 1/7

• I ':~ '. : . " . : . , l im : ~ . ''::I~ i:!;. • • ~ .. ..

~

,R ~b Uo o fYemmMwstry Qflre,8,~'Affm

m U l e n am e o f lie ,p m plc ~fitc r,rer id cnt of t h e &q lu 'b~~ t~ham! r c v i e w , e d , the Comtitm.l1i.an of"'lemma!d~ol tile a,provaJ (If!PartinDltjh~mby i s m c : s : ' t h e · jj'on~Qg~aw:

'C fup~er 1 - n e s l ' g D : I I t t O : D l I : n d Defi:al'tlons

For pmpos es c ,f',e nfc m:I ng tllt:: pmv: is ;iom o ftms ~ a w , I h e ' f t l i i b Y r N i n g kiIllU a n d , e : : q x r e s : s [ O I P S

s haU hav e I~e m:e ;mmcsm~e atc d be lbw~ ume ss YeCQ ; illfa !lmmca:ttsothuwise .o r ~'Cs

a n ,o r h e r .m e a n iQ g :

GOYlmIo r : The G overnor ,of th e O entr ai B ank o f Yemen.,

Comm id !t e e:Th te An :t i~ .u oney uundng 'Commi t tee ! , l e s t a b ~ ~ s h e d ,in ' E l c c o r d a n c e wifil, the

pmmicms 1@{0l i s b l e w •

.MnD.e"~Mmderlug:An- .¥ acdolm~o: t r ing tbe 'obtammg,p;Qssessiql,di9p<lsing; (It d e p o s ~ , t i D g . ,c;It,~, mve5ltins, ortr3mfmm,gor:im;ds,~ mteaczd m,~,!be :a~ i SC ,MCe tlf funds

1 0 0 O t s m e d . , from \bi:I iU~ga ;1act iv it ie s de sm0ed i n. A r tr et e3 Q , r this, law"

'Finmc.~aI,mtablisDma:ls: A ny mmcial,estabUskmcnt;sli l ich IB : i I J rb~ m oney ,C hug im g

- shop , or 'com pany d ea~g , in,iMmtin&,~cel' shaHs. &ec:urities.fina.nce ~ea:s ing. 1 ; 1 ' real

,~m~

Ca~pe lenu aurt!horify. The ; e~~'ll!ti '\ re ,Butho:ri~"Us subon:il lnaJre8:ge:f,!( l~es. M d i l : h e : i iCla:t:d,

adw~nistmtlw unhs.

J~d ic Ia I a u&cr it ie s .: The oom petem oour ts and pUlblk; PfO,seootlon OffiCMjLn Bcoordam:e wI th

~Jh6m]~v;ut .b:ws.



• I ·i4~:-:,f~i: ..;J.';:".' . -- ---. - -- - ----

Cb . a (i ltuZ . ~. f ' j loiD.ell.aullideriB,g Cr imes

Artide:3

M (lney laaWlr ing is a c runepum.shab le m a c c o m a n . c o w U h . th e pmlv is ioM o .f th iJ s,~aw ., A n y o n e w!w , , co m m i ts , abe~ MSists~ iMliga,te8~ o r ,c ~ t h e , perpetration € l f a n : y of m e

: fo l l o w i n g e r: im . es s .k a U . b ,c CDEi:deftdlp~Ctt:a1OT o f !OOdcnmfi :

.2. , 'Illeft .o rembaxlemem of ,Uib '~)cf l l : t lM' lo r t h e , , se izwe ofp ti bi ic 1imds 'tmJoogb.

f r a ll l d :W e n ! t m ~. 1 n rib er yt ,o rb re at'I lO lf'tr ll! St

.' .

4 ,. S i c iZu r eo fpd va te i.m•. ~pmidLiblelll. 'acoormm:e w Z~ th e Crimasana Ptmi!hmen:rs

Law .

'J . C u ttiw tion ,. p .r oces sin g:, or tr affick in g of o a r :o o t ic s , p 1 '- O O O L c t i o n ortmffiic~ of

s lc oh el , a nd o E ih era eti ri Jt i~ poorubi te d : ' by 1 aw .

b. JuJy 'oidE f o U O l I v m g l W i ti .o n s r e\ a, ted ~olWiylof tbe m~es , descnooo. E , parag r aph (8)

elOO'Y'e;

1 . C o ncea lin g d le acwal. ! lo~e of illegaliiwnds ,o r p r ov id E S : fa ls ie ~s!)[bstantiltion. M a

source of mW i .

..:ii'~;:r,

- = - : 3 . v z ~ ~

3 . A c qu iiin g:. J lOSiSI ! l iSSm,gJ m fu lg , 'o r m V1 C iliO O g _]ncP ifulh ·to.pum ~.m ov alolt o r:imm.G vabl~-[ lmperty., -



I, T 11 eysba]~ D . O t opener D U . • lain oocmmts in th e . name oflUlY persD. f! :Swi l!ou t f f fi m t

v er i f , y in s D m i r o ff ic :i a m dlJCWllel! \tsand~in,8a l e o p ' ) , offuem.

2 " T hey sh n not do, bu sln ea s wI tb leiM ,enli~ieswithou!t flat v,erifymgEifuefr: 'offiei,al

dotwru: .nts and .~w g a ttueoopy of th rem .ind icating m e follow ing :

a . N a m e , , o f t b :e e s t 3 !b 'E h m e n . r t ~

b. Its ad W'ess ;

'C . N a m e o r f t h e ' ( J 'R m : e ro r o M i l e m ;

d . N ames € I f the m.arOlgem: :B 'u tl ro r ized to s ,Ignon bebal fof. lhe establishment;

e . ' .C e m f ic a t e : ofm g i s t m U o n . i l U l d .o f f i c ia l ru m o l JD . ce m e n f i c · a e c . o : r d a n e e ' M t h ' r n e r e I ! e v ' D f ;

Jaws.

: 3 . ' 11l~ uru~.e t a m . nll n o c ; 1 1 m . e n t s r ela kd~ IO ttan. sa cro. ffi,E r nan. cm l. opem tio. fl.s ~ ; EWd

C i o m m e r e ia l :a u . d Dl :O 'RelUyfwl :s :act ionseanied o . dom~ticaJ ly ' or abmad" : f u r , a .pt .nod ·o f

no less 1 : l l a n ' .v '~tylem: : t b : m J I . th~,W J l t e 00whidttb.e,tr.msacticm w a s : cl lncmded. 'lbese

d otumoots sball.b:e m o m f t t O O . up·!)l!]m Q . l 1 e s t to the Unit for .rerie-w,m a: .coo.mancl ': with

Amc l e 130ftlrls la w •.

e .. F m l .W . \C i " a 1e s t M I ] J i sb m e n ' t s suU um.lDl i k e { D a 1 t a C ( i ! E 1 c d i : o n ] U n i t o f a n . y m a :n l i i a c U o n a im e d .

at moneylai \1. l l .d~ lif t 1eyha~ or ideno¢ to WpponSUCD a.cJ.a:tm.,

b. _ .FtmndalcstabUsbmW: ud *eir emp !l{lyeea~·w .hm comp,fyingwii l t iIDepMnsio.! lS , o f

.-pamgmph ( a l ' libGy,c!, l l l \ i 1 bepmbL'bitt! fm m nnufying'tbit t 5 : a n sa c to m m : V o l v e d or

r eleM img my m U man oo. ~ tth :eM @r th c tr a ctiv iti,e s . T h e y s lm n Mt iems.e.w, mhmit:

,- . --m len :n t< W a ,en d.d lm :r um mts -m d te U m t . o. r 1 h e J l i l l d i . c : h u :authc r i' ti e! i" or Clbstruct r t 1 1 e

"-aplem.9mtion ,o:f&y c nk fs s uc d by tb .e jttd ic i. aI a ur th Q r itic s. re Ja ~m : .J l.m m ,e afhl,r(:lney

la oo d er ln ,g .

. A r C . i d . e 6

T he U trlt s h a D I lSSl8t [ l rum.c lf li 1 .es tW.Im.hm.ent s In d lWclo .pl~mI~ a n d r -e gula tions iWmban ,c :e

_ . . w J te ,N IIa ~ S'U~sion. i I i l i~mJOO a t p reven l tog mon tY~~Wld . e rin g , in a ceO f d la nc ew ith .th i:\i la w a nd '

othm' rclewnt law s . ..



N o ~ m a y 'u s c a s a , r : e 1 ! e X . t t h e o o : n f iid e n t i ia i U " of 8 C O ( I l m m 'UlQef . y o t b e r law 'W D e n . a n

mvesriptioll.or~8l,ofa c r i m e ofmOlWyl8.1mderBg"is 'oomlictcd b G f o l 1 t tbejuiiciul a ~ ~ " ( ! J r i : l ~ e s .

'Cha iJ tv 4 - ,A ,mr i':Moae-yLaunde rmg Commil lt eeIb .d b ab Om lle ctie ll!. U nE li

s . .A oomrtt( ; t ta]~ed ile A m i~ M m ty LalHtd t r lngQjmmiuee 5 0 0U be fm m ,fo d in

I ( : c o l r o o o o e witb. t I: .I .e p r o v is , t o n s ' o f t b is ~IlW~by d e e r e e offhe P r i m e Mm.1 s t e ru~ the,

recommendation o f th e M in iS rr er ,of F rm an oo . T he 'C o m m . i : lc e a l l a l J compii.se o i J e

~res!mmti.ve .no~cd breach of the follow g ,mliities=

1 .Mill is try ofFmance,c1l imman

2 . C e n t ra :~ 8 :m 1 I ; , d e p 'u ~ : 'ye f u lE n a : l ' I

3. r rummy o f l us ti cej, member

4. m tm or M in is tt'y , m mtb er

s . Foreign Mm.tmy~mmiber,6. ~Wll S1:~;l;Cln ed Acoo~tif:lgOffice

"1 .~1lJ G lf mdi.t ! lby andl'mde8 . A s ; s :a c l a t i ( ) n . o f Bank s

9 . G enem l Union ofC :mmbem !(j,f'Comme!ct Do.mtmmy

b.Thee~. of the Co~ke sh8!~~lielectoo~orlt$ membemw ~~ as repo:ner~

c. The Committeemay ~«l c u u i d e e x p e r t i : s l C < as,: n e e d e d towist in~ out it s d u i 6 . e s .

a D ev elop regoiafios ad, 'p~esfor tombatmg . cOney t au ru [~ and submit tbem t o ,

the P rim e M m r s t e r :for a I P P r o m . , p rowded ~at tllq da .oo t :c<mff id~~wi ' fh~t I1en:wis~om:of

, (h is law end U s imp1e:mentingreglmlat]oIDl.

b. D tv e1 @ p ~Dtdap!pro ' l I&t h e . .m.terod l IeguJauomrgotero in l l l ie C m m ni:ttee··s activ i~~ in

aooord an 'ceM ~h the pw miom of tills Jarw .

c. f " R ' C iU t : l l l : t ¢ oooroirultioo. m d. the ' ~ K ( ; b ' l u ' l . g : e ,of mformation between m e · v ar lo w e mi. tie :s

repres.entedin the Comm~.tte<:.



Th, O J . m R H c c skU sUbmit a , f !epor t on . i ~ s ( t C i ' l l . v i t t e . ' 3 mthe C m mc U 0" Ministers CV fry ' ~

monthst

or a s r eq ue sted .

By 4ecrc!:1of th e CW,v ,emo~,a 'Data C o l l e G n o n UM t s haU be Crtltro t n . t he Cenmr~ . i Bm lk .The

Unft slml l be' li ospomw. le : fo r r ecei v~g M .dana~yz -~ .ng a t a llmd reports enoJ mo.ney

la un der in g a e~ lv lt ie s" ma cc or d an ce , with th e p m v t s i o D S of tbis l:aw . T he d i o c " l 1 c eS 'baUdef ine

t he so ie nt if k al lc i t e< : lm .i tc a tlDm~mk . f m t l iJ : e Unit.

E m p l ,o y e a s , cf the [ J i l l i i t shall m a r i D l t a m the c on fid 'e ntia M ty o f a ll dIm .refati:d to their wor t . snd

, shaU be prohfbfred o om . I i lSmg thc~e da,ta. ' i (D<rM Y pmpO : l i>C : : , o , t f i e r d i l a n 'd w pmpos~s defmed by

, tis law..'..i,:;.

'W h e n . t h e Unit i s i n fo r :n t o d ,~ftm.y.mo.ney l a w de r i n g a c t i v ~ t : y , it maydbwn t E k e . l.Ooe:ssary

iU o~ ti: .Q f i a nd d o ru m~ nb ii, f r om . th e o ffic ~a J:8 1 l 1 t i h O r i t l C S , a n d fmandai m s n t w t li c ru : . s ub jec t to

th e 3 1 p , P l l O v a l o f th e G a V~ :[ llO r .

E ' m _ P ] . o y e e s of t,c C enmd H a M : : ofY em ea w h o a re s pec ia liz ed in the s1JJ ipe r r is~o .nnd

i m p e c t iO E I . o fb an b,. U ],c on eyC ~ D S ; 'b ~ W l ~ ud sim im ' entities s m i T h . m f u m l .· tb , e . U nit 'o f

MJllmvides &It fiq'" d~l!emli~e to 100mo~cy 139d e r ilQg activ it ie s .

-The Umts'nallsuibmit I I written e p o u ro,tlleP~:ClIliol' , a ~ I le m 1 . oo t l nnLng him of an y crime;

'o,f,mwtJl'A'Wld~n.e nppmtmgdocumeuwshllUbeIIacKd,to il.ehpMt, I . c o p y ofwbith . s~ be forwarooo to · t h e OmnmiJttee.

Cfl,ap tcr :5 -1:nk.matio!l!l :aFC oQP ('tatfoa~. . ;£R-bIH_gec'fI llf(\ l r :mlrtj0n. ,

~.I l l i ldEJ:~ramd! iDnorNoD-Yemmi··C"mjnals\.

Arlidel6

With d u ec O fiS ld c ra tto nr o tlile p llo vis ,~ on s: cf ' I : h l . s , Ja w mid , s u ! b j oo t to th e :3 F lp ro vr u 'o f ~

judl[cl.al 3 1 l l [ I D l , o r l u e . ' 1 "the ComfflJ] tt :eemay.m r e sp o n s e t o o m . i j i f fi c i a t f 'e ! q u e ; s u [ 'r o :t u a j u d i . c . i ! l i

a : U i t h o r i 1 t y ill a n c t b e r c o u n t r y " p r o v i d e m f u r r n a t io ! 1 , 011 a p_em. s e tW v ' i i ty £ e '~ a : r e d :to, n l l a . u e y

]aillDderi:n,g~provided t O O t '(h.e:re isa bU a~e.r a~ ag reem 1ent o n this ,s ubj'oot .



-6-

The ComHtte~ m ay •.on tb. e ba .' i~ fio fa defUJi6ve judicwaJ ,omer Issuad. ' i !n motber OOW l t r ym d

in : acau&.u w ~ .8 b i l ia t e m l a . gmmr5 t emt is iIlbjed.request 1M;Ycmmijud:icial

a1lIlkariti~ m . :aeoordan.cc lr itb. .d : ter : tlevan. t~aws eurrentlJy in 'effec~romvmgate, ~1.Gr

impotmd any · f u n d s " . pOSS~ ImS , or ear nm ~r e1 ated lO m oney :l'mldaring Immes~and thejuootml :B U 1 lm r it .ie s s 'b .a l~ .d e c id e e m thm ' Ii ,t s $ l l m M ' to SEn requests.

N O l l - Yemenis C O I u v i c : f e d . of OO J r of t h e c r i m e s U S lt d ~ D A rt i c ~ e 3 of 1 : b i s la w mal:)' be e : W : r u ti tl C d ,

i .n accordance "r j: l l i Ithe . rdcv:MJ ~aws m Q in t~mari( ) i r :ud agreemelliSsignoo by Ye .me i l i l r Imd in

Qo: tl{onnity Wii~t l1e prindple of reciproc.ity;subject 'wthie approval oithe .Pros~or

I G e n e m 1 .

':::),>' ..-. Ardclel9

T h e P r o se cu to r Ge1lJem]1'ofhi lSown I l Icco rd . o l r~ugbE l : s ,~ .l al ]y ap po :i n. ~e dmember o fh !l s

o f f i ' o e · j• sbaJUh a v e : diUct !tu!thority ro cm y , O : n J : t w v e s t i g : l I U O : n J I procoouresand . ~ s t i g a t e cr imi ind

law w its for erirueaef m oney I aood , enng and r e ] a o o d . c rimes , a s d e f'm .e clby th e P:l:'O\l'~S~ons,f

' lh is l aw .

Th~ P r os :wU lilo r Gene ,r ol may r eq _u es tlh ~ c om peten t o ou rt to ta te m m po mr yp rec au Jt[ clIllq r

measures, S1 . 1 CnM im p o W i lW Q s n m,d s an d ..6 : t e e z i : _ _ n g the: a.ccO'll l l t or , a c c o u n t s r elated fo m(liD.el '

~ I 1 ! im . de M g a :C 1 h r ~ t ie s ~ m a .o c o li d a n o o w i tb t h e Criminal P r o e ¢ d u r e : s L a w .

.,-__....~'L.._. "~l

',~.~f;'

I . · J ! .. nY() l le 'wbo IC lO,mrmts a cr im e cfm.oney ,[ ao od efllin g: a u:les cr :J l. red jg i~ c1 e. 3(l·:f m is la w

SM1 !~b t . oobj e e t ~o i napr if lo :nmmt fun :3pm:[ l d no t t .oexceed. t1;\I'e)'~MS.

2 . W ~thout p. rejooice I D th e r ig hts o f,o llh er p er n,o mJ sa ctin g L n g oo d fuith,aU funds and .

~g;ii ohtll_~ed fro·mc:rim.u n:'~1!.ted t o r o. o: ne y lauIlde~ thallbe oomtscatedj in .

accm:dilnce i r i : t l m ! a de:fm~:tivejUJdicialomerm favor ofthe public~.

3 . The CO i l l ; ! l U may i s w e an o rd er tQ r ev ok e' a lie en se .• ce as e l l , c t i v i ltLes" or a ny o th er a dd (d t) !! 1! l.~

pun. shm.entj in aecotdance with the re lev :antlaws.



4 . W £th d M cons Wm tiM mfdlepmviSiom, IDfAme~.c7 ' bm~ EJO:R·Wb.Q .fail~m, O i l m p l y

withdlepmv,woo.s ,of,Article S oftbis law flUU]b e nb-jed'to inqnisolmcnt fGf s .pmodDotto=~ 1irreeyeus, lot afiilt Uit • at«ld yrus ,SOO.~[lOQ.

Th .e Unplementmg,])eg~ii li ioru,for t l 1 i s . law : s h s m ~bejssued bym~ of H presidlentful deeree,

u p o n t heapp rova l o f t h e I Q n 1 m c ~ .l I O fMilliliters.

Is sued by the O ffice l ~ f t i l l I D e Pres iden t

, s r u : t a ! !'~ A prU 5 , 2 0 0 3 ,

[ a i ] ,

A li A M aUsh S aUh

Fmident l o i l 1jj)~.l!epub1i.e

yemen anti money laundering law n°35 of 2003

Documents