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Five other journalists were charged, the Crown Prosecution Service announced, while three will not be prosecuted.
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Young, the author of a tell-all book about the Edwards scandal, testified under an agreement with the government in hopes that he will not be prosecuted.
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Under this new 2011 Offshore Voluntary Disclosure Initiative (OVDI) , taxpayers can be more or less guaranteed they will not be prosecuted and they get correct their tax and foreign account transgressions.
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However, the BBC's Bethany Bell in Cairo says Youssef has been the subject of a number of complaints in the past, none of which have come to much, and the decision to open an investigation does not mean necessarily that he will be prosecuted.
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They also have a professional obligation to make clear that Shariah and its financial form of jihad are not legal in the United States and will be prosecuted.
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"It should send a stark warning to lorry drivers that if they do not abide by the law and ensure they take their necessary breaks they will be caught and prosecuted, " Sgt Ifan Jones told a newspaper.
BBC: Flintshire council defers A55 truck stop decision