Regulatory Alerts2018-12-30
Added · Updated
Circular No. 10/17361 on Implementing UN Security Council Resolutions on AML/CFT and Proliferation Financing
The Central Bank of Jordan requires all banks operating in the Kingdom to prioritize the implementation of United Nations Security Council resolutions related to combating money laundering, terrorist financing, and the proliferation of weapons of mass destruction. Banks must intensify training courses and workshops for all employees to raise awareness and ensure compliance, thereby effectively managing associated compliance risks. This directive was issued by Governor Dr. Ziad Fariz on December 26, 2018.
In the name of Allah, the Most Gracious, the Most Merciful
Central Bank of Jordan
Ref: 10/17361 Date: 18/4/1440 AH Corresponding to: 26/12/2018 AD
Circular to Banks Operating in the Kingdom
Greetings,
Based on the importance of banks operating in the Kingdom managing compliance risks associated with decisions issued by the Security Council related to combating money laundering and terrorist financing and preventing the proliferation of weapons of mass destruction.
I emphasize the necessity of giving utmost importance to the topic of implementing Security Council resolutions by working to intensify training courses and hold workshops for all your employees, with the aim of raising the level of awareness and commitment to applying those resolutions, and thereby enabling effective management of compliance risks.
Please accept the highest regards,
Governor Dr. Ziad Fariz
P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo