Yemen Monitor/Newsroom:
A joint committee from the Public Funds Prosecution and the Yemen Central Bank branch in Marib Governorate carried out a field campaign today, Wednesday, to close 13 exchange companies and establishments that were in violation of regulations.
The committee explained that the campaign was implemented in accordance with the decisions of Central Bank Governor Ahmed Ghaleb. The closures followed the detection of confirmed violations by these companies, which were detailed in reports from the Central Bank’s banking supervision sector. These companies were found to have explicitly violated the regulations and laws governing banking activity.
The committee affirmed that the decisions to close these establishments are part of the Central Bank’s efforts to regulate the banking market, curb illegal transgressions, and halt the activities of unlicensed companies.
The committee called on all banking companies and establishments to comply with the Central Bank’s instructions and adhere to the legal regulations governing banking activity to avoid deterrent legal measures, which could include closure and license withdrawal.
