Regulatory Alerts2026-06-04
Added · Updated
Central Bank of Jordan: Ultimate Beneficial Owner Declaration Form
The Central Bank of Jordan mandates insurance companies to establish and maintain a special register of ultimate beneficial owners, requiring updates within 10 working days of any changes and retention for 5 years after status ceases. The decision outlines a sequential methodology for identifying beneficial owners, including a 5% ownership threshold for indirect tracing, and specifies detailed data fields for the register and annual reports. Exemptions apply to shares held by the Jordanian Government, public institutions, and listed financial entities, while the Board of Directors remains responsible for ensuring data accuracy and verification.