Regulatory Alerts2016-11-07
Added · Updated
Circular No. 9-2-7-7689 Regarding Services Provided to Expatriate Workers
The Central Bank of Jordan mandates that licensed exchange companies must verify valid work permits and certified identity documents before allowing expatriate workers to transfer funds outside the Kingdom. This requirement enforces compliance with Anti-Money Laundering and Combating the Financing of Terrorism Instructions and reiterates obligations from Circular No. 6892/14/3/9 dated June 8, 2015. The directive applies specifically to licensed exchange companies operating under the Central Bank's jurisdiction.