Regulatory Alerts2018-09-02
Added · Updated
Central Bank of Jordan Circular Amending Instruction No. 14/2018 on Prepaid Cards
The Central Bank of Jordan amended Article 15, Item 4 of Instruction No. 14/2018 to prohibit banks from issuing prepaid cards to non-customers without prior approval from the Central Bank. This requirement applies to banks operating in the Kingdom of Jordan and mandates that the Central Bank verify the existence of sufficient controls to manage associated risks before granting such approval.