Circular on Reporting Fraud, Forgery, and Embezzlement Cases to the AML/CFT Unit

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