Regulatory Alerts2018-01-22
Added · Updated
Circular to Banks Operating in the Kingdom Regarding Credit Inquiry Service Compliance
The Central Bank of Jordan mandates that banks operating in the Kingdom strictly comply with Article 18/a of the Credit Information Law No. 15 of 2010. This directive requires banks to conduct mandatory credit inquiries through the CRIF-Jordan service, addressing observed violations where institutions failed to perform these required checks. The circular emphasizes the necessity of immediate corrective measures to ensure adherence to the law.
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