Regulatory Alerts2009-02-09
Added · Updated
Procedures for Establishing Money Exchange Companies in Jordan
The Central Bank of Jordan mandates that applicants for money exchange companies submit detailed applications including personal information, financial ability proofs, and feasibility studies. The process requires security surveillance, registration with the Ministry of Industry and Trade, and the deposit of capital and bank guarantees with the Central Bank. Initial conditional approval does not permit business operations, which are only authorized after obtaining final approval, proving capital, and complying with all relevant laws and regulations.
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