Money money
USSDIn response to the UNSCR 1267 Sanctions Committee’s consolidated list and the list of Specially Designated Global Terrorists designated by the United States pursuant to E.O. 13224, and Yemen’s Council of Ministers’ directives, CBY issued two circulars (75304 and 75305) to all banks operating in Yemen, directing them to freeze accounts of 144 persons, companies, and organizations, and to report any finding to CBY. As a result, one account was immediately frozen.
In September 2003, the CBY issued Circular No. 75304 containing a consolidated list of all persons and entities belonging to al-Qaida (182) and the Taliban (153). The Yemeni Government did not issue the circular again in 2004. Since the February 2004 addition of Sheikh Abdul Majid Zindani to the UNSCR 1267 Sanctions Committee’s consolidated list, the Yemeni government has made no known attempt to enforce the sanctions and freeze his assets.
