Regulatory Alerts2011-01-25
Instructions on Anti Money Laundering and Counter Terrorist Financing in Securities Activities
The Jordan Securities Commission issues binding instructions requiring licensed financial services companies, custodians, and mutual investment funds to implement comprehensive anti-money laundering and counter-terrorist financing frameworks. These entities must conduct rigorous customer due diligence, verify the identity of original beneficiaries and politically exposed persons, maintain continuous transaction monitoring, and appoint independent reporting officers to ensure regulatory compliance. Furthermore, the regulations mandate robust internal control systems, strict five-year record-keeping protocols, and mandatory annual auditor reviews to mitigate financial crime risks across securities activities.
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