Jordan

New Documents

MENAFATF Publishes Mutual Evaluation Report Reviewing Jordan’s AML/CTF Framework

The Middle East and North Africa Financial Action Task Force for combating money laundering and terrorist financing published its evaluation of Jordan’s current anti-money laundering and counterterrorist framework, based on its July 2018 on-site visit.

February 3, 2020

Jordan Announces Forum on Money Laundering, Terrorist Financing

The government of Jordan announced the start of the Annual Arab Forum on Fighting Money Laundering, Terrorist Financing and Tax Evasion, which was organized by the Arab Federation of Arab Bankers in cooperation with the Association of Banks in Jordan.

August 23, 2017

Twenty-Two Countries Issue Joint Communique Concerning Libya, Welcoming Efforts Against Terrorist Groups

September 22, 2016

UK Publishes Jordan’s Statement on Anti-Corruption Commitments

May 12, 2016

UK Publishes Country Statements at Anti-Corruption Summit

May 12, 2016

News

Midweek Roundup: Germany Ordered Independent Review of FIU’s Shortcomings, Pandora Papers Fallout Commences, and More

U.S. lawmakers plan AML rules for lawyers and accountants, U.S. beneficial-ownership exemptions create gaps for financial crime, and more, in the midweek roundup.

October 6, 2021

Midweek Roundup: US Lawmakers Prepare Iran Sanctions Bills, Justice Department Questions HSBC’s Compliance Controls, and More

Interpol issued an arrest warrant for former Ukraine president Viktor Yanukovych, Philippine investigators suspect that embattled Sen. Jinggoy Estrada laundered millions of dollars of bribes, and more, in the midweek roundup.

January 14, 2015

Midweek Roundup: Jersey Launches HSBC Probe, U.S. Negotiates FATCA with 50 Nations, and More

November 14, 2012

Enforcement Actions

0 Items Found

Key Documents

Jordan Issues Amended AML/CTF Law

September 21, 2010

Jordan Enacts Comprehensive Anti-Terrorist Law

November 1, 2006

Jordan Issues AML/CFT Regulations for Banking Industry

November 23, 2010

Central Bank of Jordan Requires Money Exchange Companies to Perform CDD

December 30, 2010

Jordan's FIU Provides Forms, Medium for Filing Suspicious Reports

November 1, 2011

Important Facts

  • The U.S. State Department classifies Jordan as a jurisdiction of concern. Although the Hashemite Kingdom of Jordan is not a regional or offshore financial center, it has a well-developed financial sector with significant banking relationships in the Middle East. Reported incidents of money laundering are rare, but anecdotal statements indicate that Jordan’s real estate sector has been used to launder illicit funds. The country's long and remote desert borders and proximity to Iraq, Syria, Saudi Arabia and Israel and the West Bank make it susceptible to the smuggling of bulk cash, gold, fuel, narcotics, cigarettes, counterfeit goods and other contraband. Smuggling endeavors tend to be small-scale and there is no discernible connection between black market goods and large-scale crimes, such as terrorism. Some reports indicate that Jordan's real estate sector has often been used to launder illicit funds.
  • KYC Covered Entities: Banks, exchange companies, and money transfer companies; securities brokers and investment and asset managers; credit and financial leasing companies; insurance companies, brokers, and intermediaries; financial management companies, postal services, and real estate and development entities; and traders of precious metals and stones
  • STR Covered Entities: Banks, exchange companies, and money transfer companies; securities brokers and investment and asset managers; credit and financial leasing companies; insurance companies, brokers, and intermediaries; financial management companies, postal services, and real estate and development entities; and traders of precious metals and stones
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: Yes
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 0 (2015); Convictions: 0 (2015)
Source: 2016 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 4 High : 0
Largely Compliant : 15 Substantial : 2
Partially Compliant : 15 Moderate : 5
Non-Compliant : 6 Low : 4

BASEL i

Rank : 70/110
Score : 5.6/10

TRANSPARENCY INTERNATIONAL i

Rank : 60/179
Score : 49/100

Tax Justice Network i

Rank : 42/133
Score : 78/100