Regulatory Alerts2020-01-23
Added · Updated
Circular to Licensed Exchange Companies Regarding Accuracy in Monthly Statistical Reports
The Central Bank of Jordan mandates that licensed exchange companies exercise exact accuracy in preparing monthly statistical statements submitted to the bank. This requirement applies to all data, which must match internal records and comply with the Currency Exchange Operations Law No. 44 of 2015. Failure to adhere to these standards subjects entities to legal measures, including the activation of Article 26/E of the Law.
In the Name of Allah, the Most Gracious, the Most Merciful
Central Bank of Jordan
Ref: 5/9/1281 Date: 28/5/1441 AH Corresponding to: 23/1/2020 AD
Circular to Licensed Exchange Companies Subject: Exercising Exact Accuracy in Preparing Monthly Statistical Statements Submitted to the Central Bank of Jordan
Greetings,
In accordance with the provisions of Article (22/A) of the Currency Exchange Operations Law No. (44) of 2015 regarding the provision of periodic information and data requested by the Central Bank in accordance with the provisions of this Law and the regulations and instructions issued pursuant thereto, and following our previous circulars on this matter, and given the observation of repeated subsequent amendments to those statements, we emphasize the necessity of exercising exact accuracy in all data prepared for the purposes of the Central Bank and verifying that they match the entries in your records and are consistent with the provisions of prevailing legislation. This is under the threat of taking legal measures stipulated in the provisions of the Currency Exchange Operations Law, including the activation of the provisions of Article (26/E) of the Currency Exchange Operations Law No. (44) of 2015.
Please accept our highest respect,
The Governor Dr. Ziad Friez
P.O. Box 37, Amman 11118 - Jordan Tel: 9630301/46 Fax: 4638889, 4639730 Website: www.cbj.gov.jo Email: info@cbj.gov.jo