Central Bank of Jordan

Circular to Banks Operating in the Kingdom

Greetings,

We attach herewith a copy of the Guideline for implementing the provisions of Instructions No. (1) of 2014 for implementing the obligations contained in UN Security Council Resolution No. 1767 (1999) and No. 1989 (2011) and other related resolutions, and Instructions No. (2) of 2014 for implementing the obligations contained in UN Security Council Resolution No. 1988 (2011) and other related resolutions. We also inform you that the email address for the Legal Affairs Department on the website of the Ministry of Foreign Affairs and Expatriates (Head of the Technical Committee) and on the website of the Anti-Money Laundering and Combating the Financing of Terrorism Unit (Deputy Chairman) has been approved as Legal@fm.gov.jo for coordination and communication with the Secretary of the Committee, in accordance with Article No. (16) of the attached Guideline. We emphasize the necessity to continue notifying the Central Bank of Jordan in parallel with the Anti-Money Laundering and Combating the Financing of Terrorism Unit.

Please accept our highest regards,

Governor
Dr. Ziad Faris

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Number: 2853
Date: 8/7/1436 AH
Corresponding Date: 29/2/2015 AD

Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 4638881, 463972, 463976 • Phone: 4630301 • P.O. Box 27, Amman 11118, Jordan

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Central Bank of Jordan

CENTRAL BANK OF JORDAN

Instructions No. (1) of 2014 for implementing the obligations contained in UN Security Council Resolution No. 1767 (1999) and No. 1989 (2011) and other related resolutions

and Instructions No. (2) of 2014 for implementing the obligations contained in UN Security Council Resolution No. 1988 (2011) and other related resolutions

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Article (1):

For the purposes of this Guideline, the words and phrases contained therein shall have the meanings assigned to them in the prevailing Anti-Money Laundering and Combating the Financing of Terrorism Law and Instructions No. (1) of 2014 "Instructions for implementing the obligations contained in UN Security Council Resolution No. 1767 (1999) and No. 1989 (2011) and other related resolutions" and Instructions No. (2) of 2014 "Instructions for implementing the obligations contained in UN Security Council Resolution No. 1988 (2011) and other related resolutions", as applicable.

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Article (2):

The following words and phrases shall have the meanings assigned to them below wherever they appear in this Guideline, unless the context indicates otherwise:

Instructions: Instructions No. (1) of 2014 "Instructions for implementing the obligations contained in UN Security Council Resolution No. 1767 (1999) and No. 1989 (2011) and other related resolutions" or Instructions No. (2) of 2014 "Instructions for implementing the obligations contained in UN Security Council Resolution No. 1988 (2011) and other related resolutions".

Supervisory and Regulatory Authority: The authority subject to supervision and/or licensing of any of the supervised entities.

Supervised Entity: The entity subject to the supervision, regulation, and/or licensing of the Supervisory and Regulatory Authorities.

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Article (3):

A- The supervised entity shall, upon establishing a contractual relationship with any natural or legal person, do the following:

1. Request the natural person to provide information identifying the names of their assets, descendants, spouse, business partners, and any persons acting on their behalf or holding power of attorney issued by them.
2. Request the representative or authorized agent of the legal person to provide information and documents identifying the names of persons, institutions, and companies related to the legal person or acting on its behalf, and any power of attorney issued by them.
3. Refer to the sanctions list to ensure that such person or entity is not an individual or entity listed on the sanctions list.
4. If the supervised entity determines that the natural or legal person is among the listed individuals or entities, and dealing with any of them involves cash or non-cash deposits or obtaining any economic resources, the supervised entity shall take action and freeze these funds or economic resources immediately upon obtaining them or upon their transfer to the listed individual or entity, and notify the Technical Committee thereof immediately.
5. If the natural or legal person wishing to deal holds a name identical to any listed individual or entity, the supervised entity shall refer to the information related to such listed individual or entity, and take the following action as applicable:

Administrative: A member of the board of directors of the supervised entity, whether in their personal capacity or as a representative of a legal person, or the general manager of the supervised entity, or any employee thereof.

Business Partners: Those who have a commercial or professional partnership.

Ascendants: Parents, grandparents, and great-grandparents, however remote.

Descendants: Children and grandchildren, however remote.

Similarity: Partial matching in one or more pieces of information related to the listed individual or entity with the information available to the supervised entity regarding the person or entity suspected to be listed.

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(Form No. J/1/1/09)

CENTRAL BANK OF JORDAN
Central Bank of Jordan

-1 In the event of a similarity in the information related to that person with the information available to the supervised entity, the supervised entity shall apply the procedures set forth in Item (4) of Paragraph (A) of this Article.

-2 In the event of no similarity in the information related to that person with the information available to the supervised entity, the supervised entity shall notify the Technical Committee thereof immediately and take action to suspend operations until instructions are received from the Technical Committee regarding the same.

B- If the natural or legal person wishing to deal holds a name similar in most aspects to any listed individual or entity, the supervised entity shall refer to the information related to such listed individual or entity, and take the following action as applicable:

-1 In the event of a similarity in the information related to that person with the information available to the supervised entity, the supervised entity shall notify the Technical Committee thereof immediately and take action to suspend operations until instructions are received from the Technical Committee regarding the same.

-2 In the event of no similarity in the information related to that person with the information available to the supervised entity, the supervised entity shall notify the Technical Committee thereof within a period not exceeding (3) working days.

C- The supervised entity shall conduct periodic audits of all its clients' names at the end of each month at least, to verify whether any client of the supervised entity has become a listed individual or listed entity and their name has been included in the sanctions list.

Article (4):

For the purposes of determining the assets, descendants, spouse, and business partners of a listed individual or entity, if they are a new or current client of the supervised entity, the supervised entity shall do the following:

-1 If the listed individual is Jordanian, refer to the Civil Status Department website to determine their spouse, ascendants, and descendants.

-2 If the listed individual is non-Jordanian, request them to provide information and documents identifying the names of their spouse, ascendants, and descendants.

# CENTRAL BANK OF JORDAN
Central Bank of Jordan

The supervised entity, when comparing the information available to it with that received from the Technical Committee or the Supervisory and Regulatory Authority or any other competent authority, shall consider the following possibilities, including but not limited to:

- 1- Differences in the spelling of the name of the person or entity suspected to be listed, noting that a difference in spelling may result in the same name or a name with a similar meaning.
- 2- Multiple nationalities for the person or entity suspected to be listed, despite partial matching in some information with a difference in nationality.
- 3- Abbreviations in names.
- 4- Differences in professional titles.
- 5- Differences in the nature of work or purposes of the entity suspected to be listed.
- 6- Differences in the nature of the profession of the listed individual.
- 7- Differences in birth dates or establishment dates of entities, including the existence of more than one birth date for the person suspected to be listed or more than one establishment date for the entity suspected to be listed, as well as considering the temporal proximity of these dates.
- 8- The presence of a title as one of the components of the listed individual's name.

## Article (7)

- A- The supervised entity shall credit to the accounts that have been frozen pursuant to the provisions of the Instructions any financial amounts, transfers, or any amounts resulting from any contracts, agreements, or obligations concluded or arising before the date of listing, or any profits or interest, provided that the supervised entity adds these amounts to the frozen accounts and freezes them immediately, and provides the Technical Committee with a detailed report including the volume of financial amounts, transfers, or any amounts retained for the frozen accounts, their source, and the date of crediting to these accounts, or any other relevant information.
- B- In the event that any financial amounts belonging to listed individuals or listed entities, who do not have accounts with the supervised entity, are received, the supervised entity shall not dispose of any of these amounts and shall freeze them immediately, and notify the Technical Committee thereof. The supervised entity shall take the actions that achieve the instructions of the Technical Committee regarding the same.

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## Article (8)

Upon receiving the Technical Committee's decision to lift the freeze on part of the funds or economic resources belonging to the listed individual or entity, the supervised entity shall lift the freeze only to the extent of the amounts specified by the Technical Committee, and prepare a detailed report including the actions taken by it to implement the Technical Committee's request, the name of the person receiving the funds or economic resources for which the freeze was lifted, and all relevant dates.

## Article (9)

Upon receiving the Technical Committee's request to lift the freeze on funds or economic resources that were frozen due to similarity between the names of these persons or entities and the names of listed individuals or entities, the supervised entity shall take the necessary actions to lift the freeze on these funds and economic resources and send a report to the Technical Committee detailing the actions taken and the date thereof.

## Article (10)

If the supervised entity has information about the death of a listed individual or that any of the listed entities no longer exists or has no actual activity, and the funds or economic resources of any of them have previously been frozen, it must notify the Technical Committee thereof. The supervised entity must not lift the freeze on any funds or economic resources of the listed individual or entity in this case except based on a decision by the Technical Committee to do so.

## Article (11)

Upon obtaining any additional information about the listed individual or entity, including but not limited to information regarding the identification of either of them or the funds or economic resources belonging to either of them, the supervised entity shall send a detailed report of this information to the Technical Committee immediately upon becoming aware of such information.

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## Article (12)

Upon receiving any amendments from the Technical Committee or through the Supervisory and Regulatory Authorities or any other competent authority regarding any of the information and details related to listed individuals or entities or persons associated with them or acting on their behalf or for their benefit or under their direction, or the names of their ascendants, descendants, or spouses, or any information specific to any of them, the supervised entity shall amend this information in its databases and conduct a re-search in all its databases for this information regarding any of these listed individuals or entities or persons associated with them or acting on their behalf or for their benefit or under their direction, or the names of their ascendants, descendants, or spouses. If the results of the search show the existence of funds or economic resources belonging to any of the aforementioned individuals or entities or to similar persons or entities, the supervised entity shall take the necessary actions in accordance with the provisions of this Guideline.

## Article (13)

If the supervised entity determines that it is dealing with a listed individual or entity due to its failure to verify the names of listed individuals or entities on the sanctions list, or if the supervised entity closes the freeze process on funds or economic resources belonging to the listed individual or entity, the supervised entity shall take immediate action to freeze the funds or economic resources belonging to that listed individual or entity and notify the Technical Committee thereof.

## Article (14)

- A- Appoint a primary and an alternate liaison officer with competence and experience to handle requests from the Technical Committee directly or through the Supervisory or Regulatory Authority or any other competent authority, such that all written and/or electronic correspondence is limited to either of them, and no unauthorized person is allowed access to any of this correspondence.
- B- Notify the Supervisory and Regulatory Authority of the names of the primary and alternate liaison officers, and take the necessary actions to ensure that the two appointed persons handle requests from the Technical Committee on a daily basis.

Form No. (1/1/09)

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# CENTRAL BANK OF JORDAN  
Central Bank of Jordan

C- The liaison officer referred to in Paragraph (A) of this Article shall handle requests from the Technical Committee with utmost confidentiality, including preserving all related transactions in accordance with the security and protection procedures followed by the supervised entity regarding its handling of highly confidential documents received by it.

D- If the supervised entity obtains any necessary and required information to implement the requests of the Technical Committee through a specific person or entity, it shall notify the Technical Committee only of the source of its information, and take all necessary actions to protect the identity of that person or entity, including not disclosing the name of either of them or providing any information that would identify either of them, and restrict communication with either of them within a secure and confidential communication network, and take the necessary actions to arrange secret meetings with either of them if necessary.

### Article (15):

If the supervised entity or any administrative employee working for it has information about any violation of the provisions of the Instructions, it shall prepare a detailed report specifying the nature of the violation committed and identifying the person responsible for it, if possible, along with any other relevant information, and provide it to the Technical Committee.

### Article (16):

For the purposes of this Guideline, correspondence between the Technical Committee and/or the Supervisory and Regulatory Authority and any other competent authority and/or the supervised entity shall be exchanged through electronic messages to the email addresses approved by the aforementioned entities for correspondence with the Technical Committee, or by delivering these messages in person to the Secretary of the Technical Committee and/or the liaison officer referred to in Article (14) of this Guideline, as applicable.

Form No. (1/1/09)  
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