Circular Regarding Accounts of Foreign Companies Not Registered with the Companies Control Department

In the name of Allah, the Most Gracious, the Most Merciful

[Logo of the Great Arab Revolution Centenary] [Logo of the Central Bank of Jordan]

Number: 10/2/8874
Date: 28/9/1437 AH
Corresponding to: 2/6/2016 AD

Circular to Banks Operating in the Kingdom

Greetings,

It has been observed recently that a number of foreign companies not registered with the Companies Control Department and not licensed to operate within the Kingdom are maintaining accounts with some banks operating in the Kingdom and are conducting their activities through these accounts.

Please alert the concerned parties in your institutions to the necessity of verifying whether the establishment of such accounts or the conduct of any transactions in the Kingdom by such companies complies with the prevailing laws and legislation, before opening any accounts for them, taking into account the nature of the operations executed through the accounts.

Please accept the highest assurances of respect,

Governor
Dr. Ziad Friez

Form (1/1) 10/2
P.O. Box 37 Amman 11118 Jordan • Phone 4630301 Fax 4638889 4638624 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo