Regulatory Alerts2025-08-20
Added · Updated
Responses to Banks' Inquiries and Comments Regarding Banking Notification Instructions No. 12-2025
The Central Bank of Jordan clarifies operational requirements for Banking Notification Instructions No. 12-2025, specifying that prior written customer consent is not required in cases outlined in Article 74 of the Banking Law and Personal Data Protection Law. Banks are instructed to use registration numbers and legal status to identify legal entities, report foreign currency facilities in Jordanian Dinars, and declare all joint partners of dissolved companies as primary debtors regardless of account status. The Bank confirms that system modifications are minimal as most instructions reflect current practices, and extensions for submission deadlines may be granted at its discretion.
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