Yemen

Creates the Supreme National Authority for Combating Corruption (Art. 5), requires everyone to report corruption (Art. 24), requires legal protection for reporters and witnesses (Art. 27), lists corruption crimes in 12 categories (Art. 30) and allows discharge or reduced penalties for participants who inform on a corruption crime (Art. 40). Issued 25 December 2006.

Governs commercial, Islamic and specialised banks and foreign bank branches, and may extend to postal savings funds and other institutions the Central Bank designates (Arts. 2 and 4). Banking requires a Central Bank licence assessed under Art. 8, and the Central Bank has inspection and reporting powers (Arts. 5, 25, 30, 31).

Provides for Islamic banks operating in line with the Constitution and Sharia (Art. 3), lists their objectives and financing powers (Arts. 4-5), requires the Central Bank to set up a unit supervising them (Art. 10) and gives each bank a Sharia supervisory board of three to seven members (Art. 17). Issued on 6 April 2009 as amended.

Licensing of insurance and reinsurance companies and agents by the Minister of Industry and Trade (Arts. 23-30; reinsurance needs a special licence, Art. 17; agents must be resident Yemenis, Art. 18), licence termination (Art. 34) and penalties (Arts. 58-66). Licences are renewable every five years. The WTO copy shows no issue date.