Regulatory Alerts2024-05-27
Added · Updated
Central Bank of Jordan Circular on Strengthening AML/CFT Compliance and Training for Licensed Exchange Companies
The Central Bank of Jordan mandates licensed exchange companies to strengthen specialized human resources for compliance and develop targeted training programs regarding money laundering, terrorist financing, and proliferation financing. These programs must include scenario building and suspicion indicators, with specific requirements for the compliance officer and their deputies to review warning signs within appropriate timeframes. This directive reinforces obligations previously outlined in Circular No. 5845/1/9 and the Anti-Money Laundering and Counter-Terrorism Financing Instructions for Exchange Companies.
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