RegAlertRule · CBJ · 16 Dec 2012
Circular on Reporting Fraud, Forgery, and Embezzlement Cases to the AML/CFT Unit
The Central Bank of Jordan instructs banks operating in the Kingdom to notify the Anti-Money Laundering and Counter-Terrorist Financing Unit of crimes such as forgery, embezzlement, theft, or fraud only if they result in financial proceeds subject to money laundering or terrorist financing. This directive modifies previous reporting requirements by excluding cases where no such financial proceeds exist. Banks must ensure strict compliance with this instruction and other relevant circulars issued by the Central Bank of Jordan.
In the name of Allah, the Most Gracious, the Most Merciful
Number: 10/4/
Date: / / 1440 AH
Corresponding to: / / 2019 AD
Circular to Banks Operating in the Kingdom
Greetings,
Further to our circular No. (10/2/4/9592) dated 14/8/2011, the Anti-Money Laundering and Counter-Terrorist Financing Unit has informed us that some banks operating in the Kingdom have reported to the Unit cases of forgery, embezzlement, theft, or fraud suffered by the reporting bank, where there were no financial proceeds resulting from these crimes that would constitute the subject matter of money laundering or terrorist financing.
Therefore, I emphasize the necessity of instructing your reporting managers to notify the Unit of crimes only if they result in financial proceeds that may be subject to money laundering or terrorist financing, while ensuring strict compliance with the content of circulars issued by the Central Bank of Jordan regarding the aforementioned cases.
Please accept our highest regards,
The Governor
Dr. Ziad Fries
Walid - Circulars 6/2/2019 – Fraud, Forgery, and Embezzlement Cases Reported to the Unit
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