Money Laundering
SANA’A, Oct 24 (Saba) – A Word Bank official said Tuesday that Yemen’s anti-money laundering probes haven’t hunted any case, a sign that the country’s finance processes are indeed clean.
The measures are stringent, as the country follows suit of well-experienced countries and learns from the IMF-inspired schemes. The IMF and donors, in their verification, found Yemen to be no friendly for frauds of this sort, he added.
Yemen’s personnel working in money-laundering are well-trained.
Besides, Yemen has improved its fraud combat schemes as a key facet of the battling against the scourge of terror.
So they didnt catch anybody so that means theres no one to catch. Okaay. Lets go back to the port deal. The WB issued a report that one main way to develop Yemen’s economy was to develop the port of Aden as a direct competition to the port of Dubai. Aden is on international shipping routes and Dubai is 1600 miles away. So the regime in a very flakey deal awards the consession to…Dubai, which submitted a lower bid then Kuwait. And the Dubai promised a very low number of container berths while their own development of berths will be ten times higher. And the World Bank signed off on it. What is that?
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