Central Bank Of Yemen
Warning announcement issued by the Central Bank of Yemen


The Central Bank of Yemen warns all citizens against dealing with companies and entities that claim to practice the business of investing funds and collecting their funds under the allegations of employing them in financial, real estate, and commercial activities without obtaining the necessary licenses to do so from official authorities.

The Central Bank asserts that the business of these companies and entities is based on fraud where they disburse temporary sham profits to entice as many victims as possible who later will not be able to recover their original capital and their fictitious investments, as they have no neither real concrete nor projects and financial budgets approved by certified public accountants showing the details and results of those investments which it has to be published in accordance with the law.

Therefore, a warning was needed to refrain from doing business with such companies and entities and not to fall under the penalty of legal accountability.


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