Regulatory Alerts2021-10-25
Added · Updated
Central Bank of Jordan Circular on Protecting Customers from Electronic Fraud via OTP
The Central Bank of Jordan requires all banks operating in the Kingdom to include the transaction amount in One-Time Password (OTP) messages sent to customers. Additionally, banks must periodically educate customers about the risks of sharing OTPs with others. These measures are mandated to protect customers from electronic fraud involving financial prizes and deception.