RegAlertRule · CBJ · 28 Jul 2008
Circular Regarding Documents Accompanying Credit Facility Application No. 10/2/4/7943 dated 28/7/2008
The Central Bank of Jordan instructs licensed banks to exercise heightened caution and prioritize the verification and authentication of documents accompanying credit facility applications before execution, following reports that some individuals obtained credit based on forged documents and account statements. This directive aims to protect the banks' rights by ensuring the integrity of supporting documentation prior to the disbursement of facilities.
In the name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
Number: 14/2/10
Date: 7/7/1429 AH
Corresponding to: 8/7/2008 AD
Circular to Licensed Banks
Greetings,
It has come to our attention that some individuals have obtained credit facilities from banks relying on documents, papers, and account statements that were later found to be forged. This matter requires utmost caution and the prioritization of the verification and authentication of documents accompanying credit facility applications before their execution, in order to safeguard the banks' rights.
Please accept our highest respect,
The Governor
Dr. Amieh Salah Touqan
- Copy to: The Honorable Jordan Bankers Association
P.O. Box 37 - Amman 11118 Jordan • Phone: 4630301 • Telegram: Bankmarkazi / Amman • Fax: 4638889, 4639730, 4613308
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