Regulatory Alerts2019-03-16
Added · Updated
Circular to Licensed Exchange Companies Regarding Compliance with Payment and Electronic Money Transfer System No. 111 of 2017
The Central Bank of Jordan requires licensed exchange companies to expedite regularization by 16/3/2019 under Payment and Electronic Money Transfer System No. 111 of 2017. Companies managing electronic payment systems must submit license applications, and contracts with such providers must include voidance clauses if the provider lacks Central Bank approval. Additionally, firms conducting electronic money transfers must provide evidence of compliance with specified technical and operational requirements.