Central Bank of Jordan Circular Amending Instruction No. 14/2018 on Prepaid Cards

In the Name of Allah, the Most Gracious, the Most Merciful

Central Bank of Jordan

Reference No.: 12366/10/14
Date: 12/1/1440 AH
Corresponding to: 2/9/2018 AD

Circular to Banks Operating in the Kingdom

Greetings,

Following the Anti-Money Laundering and Counter-Terrorism Financing Instructions for Banks No. (14/2018) dated 26/6/2018, we kindly inform you of the amendment to Item 4 of Article (15), which previously prohibited banks from issuing prepaid cards to non-customers, to read as follows:

"Prepaid cards shall not be issued to non-customers of the bank except after obtaining prior approval from the Central Bank of Jordan, in order to verify the existence of sufficient controls to manage the risks associated with such cards and their handling."

Please accept our highest regards,

Governor
Dr. Ziad Fariz

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P.O. Box 37, Amman 11118, Jordan • Tel: 01-303030 • Fax: 01-888364 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo Form 1/1-14/10

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