Circular to Licensed Exchange Companies Regarding FATF High-Risk and Monitored Jurisdictions

Number: 1/9/8409
Date: 22/11/1441 AH
Corresponding to: 14/7/2020 AD

Circular to Licensed Exchange Companies

Greetings,

Based on the provisions of the effective Anti-Money Laundering and Counter-Terrorist Financing Law, the provisions of Article (17/A) of the Exchange Business Law No. (44) of 2015, and in accordance with the provisions of the first paragraph of Article (6) of the effective Instructions for Combating Money Laundering and Terrorist Financing for Exchange Companies, and within the framework of the continued efforts of the Central Bank of Jordan to assist exchange companies in keeping up with best practices and complying with international standards for combating money laundering and terrorist financing, we wish to inform you that the Financial Action Task Force (FATF) has issued its updated lists via the electronic links provided below regarding high-risk countries and countries subject to monitoring in the field of compliance with anti-money laundering and counter-terrorist financing standards. We emphasize the necessity of taking enhanced due diligence measures commensurate with the level of risk regarding business relationships and transactions carried out with natural or legal persons, including financial institutions, from countries for which the FATF calls for such measures, in accordance with the provisions of the anti-money laundering and counter-terrorist financing instructions issued for entities subject to the effective Anti-Money Laundering and Counter-Terrorist Financing Law.

In compliance with the requirements of compliance with International Standard No. (19) regarding high-risk countries, the requirements of the Financial Action Task Force (FATF), and the effective legislation in particular:

1. High-risk countries according to the statement issued by the Financial Action Task Force (FATF) dated 2020/6/30:
   http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/call-for-action-june-2020.html

2. Countries subject to increased monitoring in the field of compliance with anti-money laundering and counter-terrorist financing standards, issued by the Financial Action Task Force (FATF) dated 2020/6/30:
   http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-june-2020.html

Noting the following:

1. The above links are published on the website of the Anti-Money Laundering and Counter-Terrorist Financing Unit (www.amlu.gov.jo) under the title "Financial Action Task Force/FATF Lists".
2. The importance of your continuous monitoring of the Financial Action Task Force/FATF website to stay abreast of any updates to the aforementioned lists on a first-come, first-served basis and to take this into account in your money laundering and terrorist financing risk management policies and procedures.

Please accept our highest regards,

Governor
Dr. Ziad Faris

P.O. Box 37, Amman 11118 - Jordan
Phone: 9 * 4630301 / Fax: 4638889, 4639730
Website: www.cbj.gov.jo
Email: info@cbj.gov.jo