Money laundering regulations in Jordan: a positive example of Middle Eastern country earnest about catching up with international financial standards

Abstract

Reviews briefly the Jordanian legislation and other measures against money laundering; they include the Central Bank of Jordan Memorandum No. 210 /97, which was advisory and not sufficiently clear on what money laundering actually is. Moves on to Article 93 of the 2000 Jordanian Banks Law, which makes it mandatory for every bank to report to the Central Bank of Jordan any transaction in which it is involved if it suspects that it is related to an illegal act; while Central Bank Regulations No. 10 for 2001 is Jordan’s first specialised regulation on money laundering.

Citation

Minwer Al‐Rimawi, L. (2003), "Money laundering regulations in Jordan: a positive example of Middle Eastern country earnest about catching up with international financial standards", Journal of Money Laundering Control, Vol. 7 No. 1, pp. 15-17. https://doi.org/10.1108/13685200410809733