The Committee of Anti-Money Laundering and Combating the Funding of Terror has finalized its pertinent draft law in cooperation with World Bank and United Nations Office on Drugs and Crime (UNODC), the head of the committee Mustafa Saif said on Saturday.

"The draft is under final revision," Saif said. He made it clear that the committee achieved the first phase of evaluation of Yemen efforts in combating acts of money laundering and funding terror

The phase contains offering laws, documents and required statistics according to international principles and standards of fighting these acts, he said.

Head of the committee added that the phase includes a questionnaire presented by the Working Group of the Middle East and North Africa to Yemen about efforts taken by Yemen to combat these acts.

He pointed out that the team of the group would visit Yemen next month and pay field visits to all supervision official and private bodies on combating money laundering and funding terror to study aspect of strength and weakness in systems of those bodies and ask national authorities to prepare draft report of the joint evaluation."

The draft report would be discussed next April, 2008 in the meeting of the group that would be attended by all members of the group," he said, adding that the aim of the joint report is to evaluate system of combating these acts and its effect in each country.