Yemen central bank sanctions firms in Houthi-controlled areas
Exchange firms in northern territories ordered to close accounts
Yemen’s Aden-based central bank has frozen the assets and accounts of 12 oil and trade firms linked with the Iran-aligned Houthi government.
Yemen has two central banks, one in the Houthi-controlled north, the other in Aden where the internationally recognised government is based. Ahmed Ahmed Ghaleb is the head of the central bank in the south, where the government is backed by a Saudi-led military coalition.
“You must freeze all accounts, prohibit commercial and financial activities with the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Penalties and censures
MAS uses machine learning to spot market manipulation
Apollo tool uses data based on past misconduct cases to spot suspicious patterns
Libor manipulation lawsuits could cost banks ‘tens of billions’
Barclays' $450m settlement gives lawyers smoking gun evidence of attempts to tamper with benchmark rates
Iranian central bank escapes Swiss sanctions
Swiss authorities stop short of freezing assets of Central Bank of the Islamic Republic of Iran; note the institution's importance to the country's economy in reaching the decision
Central Bank of Iceland conducts dawn raid on fishing company
Icelandic officials carry out searches of fishing company Samherji’s offices; company calls for explanation
Lithuanian Supervision Service gets new powers
Board of Lithuanian central bank grants Supervision Service right to exercise powers to supervise non-banking financial institutions
RBA hands over responsibility for autonomous financial sanctions
Reserve Bank of Australia no longer has regulatory responsibility for autonomous financial sanctions; Department of Foreign Affairs and Trade now handles implementation and administration of law
Canada cracks down on Syrian central bank
Canada imposes asset freeze on Central Bank of Syria; foreign affairs minister reiterates demand that president Assad step down
US Treasury clarifies sanctions on Central Bank of Iran
US issues detailed list of frequently asked questions; says assessment of which transactions fall under sanctions will be done on case-by-case basis