Yemen - Combating Financial Crime in a War Zone

The Central Bank of Yemen (CBY) is struggling to operate amid the conflict that has been wracking the country for the past seven years. The institution’s base, but not all its the staff, were moved from the capital Sana’a - currently not under the control of the internationally-recognised government - to Aden, while much of the country is off-limits to regulators. Paul Cochrane managed to talk with a senior CBY official, who offered rare insight on combating financial crime in a war zone.

To read more go to Money Laundering Bulletin

Accounting for NGOs in conflict areas

This article was first published in the October 2017 international edition of Accounting and Business magazine.

Vetting of local staff and suppliers is a further complication. Vetting is required by donors, particularly government bodies such as USAID.

Non-governmental organisations (NGOs), international aid agencies and charities are under increased pressure to abide by international and domestic regulations to demonstrate their financial probity. But while there is often effective oversight in their home countries, in the field, NGOs can struggle to adapt and navigate local rules to ensure appropriate procedures are in place.

To read more go to: http://www.accaglobal.com/uk/en/member/member/accounting-business/2017/10/insights/ngo-conflict.html