Regulatory Alerts2026-02-26
Added · Updated
Security and Regulatory Conditions for Cash Processing, Storage, and Transfer Companies and Cash-in-Transit Companies
The Central Bank of Jordan mandates that private protection and guarding companies providing cash processing, storage, or transfer services must obtain prior approvals from the Central Bank and the Ministry of Interior and maintain first-category classification. These entities are required to utilize dedicated armored vehicles for all cash movements, maintain comprehensive insurance coverage for stored and in-transit cash, and adhere to strict security protocols for facilities, equipment, and employee vetting. The regulation also imposes specific operational controls on banks entrusting cash management to third parties, including mandatory internal audits and adherence to Central Bank circulars on cash sorting and packaging.