Regulatory Alerts2019-05-12
Added · Updated
Circular No. 17/3/9/744: Amendments to Anti-Money Laundering and Counter-Terrorist Financing Instructions for Licensed Money Exchange Companies
The Central Bank of Jordan amends Article 15 of the Anti-Money Laundering and Counter-Terrorist Financing Instructions for Money Exchange Companies. The revised provision requires licensed money exchange companies to implement relevant enforceable international decisions, including those issued under Chapter VII of the UN Charter, without delay. This amendment applies to all licensed money exchange companies in Jordan.
In the Name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
Reference No.: 17/3/9/744 Date: 17/9/1440 AH Corresponding to: 12/5/2019 AD
Circular to Licensed Money Exchange Companies
Subject: Anti-Money Laundering and Counter-Terrorist Financing Instructions for Money Exchange Companies
Greetings,
With reference to the Anti-Money Laundering and Counter-Terrorist Financing Instructions for Money Exchange Companies No. (2018/70) and its amendments, communicated to you via our Circular No. (8974/17/3/9) dated 2018/7/5, we wish to inform you of the amendment to the provisions of Article (15) of the aforementioned Instructions, which shall read as follows:
"Subject to the provisions of the Instructions issued pursuant to the provisions of the Law, the Company shall implement the obligations contained in relevant international decisions that are enforceable, including all decisions issued under Chapter VII of the Charter of the United Nations, without delay."
We emphasize the necessity of adhering to this and taking the necessary measures to implement what is stated therein in due course.
Please accept our highest regards.
The Governor Dr. Ziad Fries