Regulatory Alerts2017-07-16
Added · Updated
Central Bank of Jordan Circular No. 2253 of 2015 Regarding Combating Money Laundering and Terrorist Financing
The Central Bank of Jordan mandates that all supervised banks and financial institutions implement specific anti-money laundering and counter-terrorist financing measures. These obligations include conducting Customer Due Diligence, applying Enhanced Due Diligence to high-risk entities, maintaining transaction records for at least ten years, and immediately reporting suspicious activities to the Financial Intelligence Unit. The circular explicitly prohibits shell banking, correspondence with shell banks, and the provision of anonymous accounts, with non-compliance subject to administrative fines or license suspension.