RegAlertRule · CBJ · 4 Jun 2015
Circular Regarding Money Transfers for Expatriate Workers No. (6932/4/2/10) dated 2015/6/4
The Central Bank of Jordan prohibits banks from executing money transfers for expatriate workers unless a valid work permit is presented and retained, along with a signed declaration from the sender confirming the transfer is for their own account and not on behalf of another person. This directive requires strict adherence to Article (6/Second) of the Anti-Money Laundering and Combating the Financing of Terrorism Instructions No. (51/2010) dated 23/11/2010 to regulate the labor market and encourage the issuance of legal work permits.
In the Name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
Number: 6922/4/2/10
Date: 17/8/1436 AH
Corresponding to: 4/6/2015 AD
Circular to Banks Operating in the Kingdom
Greetings,
With the aim of regulating the labor market and encouraging expatriate workers to obtain legal work permits.
Please do not execute any money transfers for expatriate workers unless a valid work permit is presented and a copy is retained, with the sender signing a declaration confirming that the transfer is for their own account and not on behalf of another person, emphasizing the necessity to comply with Article (6/Second) of the Anti-Money Laundering and Combating the Financing of Terrorism Instructions No. (51/2010) dated 23/11/2010.
Please accept our highest regards,
The Governor
Dr. Ziad Fariz
P.O. Box 37, Amman 11118, Jordan • Phone: 4630301 • Fax: 4638889/4639730 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo
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