Regulatory Alerts2023-12-28
Added · Updated
Circular to Licensed Exchange Companies Regarding Syrian Market Operations
The Central Bank of Jordan reactivates a previously suspended condition requiring licensed exchange companies to refrain from executing transactions on behalf of third-party clients when dealing with Syrian exchange companies. This directive mandates that beneficial owners of incoming transfers must be located in Jordan, while those of outgoing transfers must be in Syria. The order applies to licensed exchange companies and entities with prior approval from the Central Bank of Jordan to engage in Syrian market operations.