Regulatory Alerts2020-10-01
Added · Updated
Regulatory Framework for the Electronic Provision of Cross-Border Financial Remittances
The Central Bank of Jordan establishes requirements for licensed exchange companies and electronic payment service providers to execute cross-border financial remittances electronically. The framework mandates a monthly maximum limit of 5,000 Jordanian Dinars per customer and restricts service provision to electronic channels only. Providers must comply with anti-money laundering due diligence, maintain transaction records, and notify the Central Bank ten days prior to launching the service.