Regulatory Alerts2022-08-31
Added · Updated
Central Bank of Jordan Circular on Mechanism for Recording and Classifying Outward and Inward Remittances
The Central Bank of Jordan mandates licensed exchange companies to adhere to specific guidelines for recording and classifying outward and inward remittances within the designated statistical form. These rules distinguish between traditional, electronic, and inter-company transfers, assigning recording responsibilities to the issuing or receiving entities based on the transaction type. Licensed exchange companies must submit this data periodically by the 10th of each month, with non-compliance subject to legal measures under Article 26 of the Exchange Operations Law.
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