Regulatory Alerts2023-07-17
Added · Updated
Circular on Prize-Linked Savings Accounts
The Central Bank of Jordan extends the validity of prize-linked savings deposit accounts until the end of 2025 under existing controls. Banks must grant prizes exclusively in Jordanian Dinars and obtain prior Central Bank approval before advertising or promoting any linked prizes. The directive requires quarterly reporting on prize distribution and customer receipt, inclusion of prize procedures in annual internal audits, and prior customer consent for publishing winner names. Expired product advertisements may remain on social media only if clearly marked as expired and removed from other media.
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