Regulatory Alerts2024-07-29
Added · Updated
Guideline for Licensing Money Exchange Companies
The Central Bank of Jordan establishes licensing criteria, application procedures, and operational requirements for money exchange companies under The Money Exchange Business Law No. (44) of 2015. The Board of Directors must issue preliminary approval or rejection within 90 days of application submission, with the Central Bank reserving the right to reject applications without stating reasons. Licensees must submit renewal applications by January 31 annually and obtain prior approval for license revocation, temporary suspension, changes in legal status, or relocation of management.
Topics
Share