Regulatory Alerts2022-01-04
Added · Updated
Central Bank of Jordan Circular on Final Financial Statements for Licensed Money Exchange Companies for 2021
The Central Bank of Jordan mandates licensed money exchange companies to submit their audited 2021 final financial statements by the end of March 2022, prepared in accordance with International Financial Reporting Standards. The directive requires specific disclosures regarding related-party transactions, legal liabilities, frozen funds, and detailed breakdowns of remittance volumes and revenues by country. Companies must also provide exchange rate and precious metal valuation tables for December 31, 2021, and ensure their audit engagement letters include clauses verifying compliance with anti-money laundering laws.
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