Regulatory Alerts2016-11-07
Added · Updated
Circular Regarding Requirements for Approving Money Transfer Transactions with External Exchange Companies
The Central Bank of Jordan mandates that licensed exchange companies must submit specific documentation to obtain approval for conducting money transfer transactions with external exchange companies. Applicants are required to provide an original signed letter detailing the external party's name, country of operation, and transaction nature, alongside an official license document from the relevant foreign regulatory authorities. This directive addresses recent instances where requests were submitted without the necessary supporting requirements.
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