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Anti-Money Laundering

Jordan will work together with other countries to share information between respective public-private partnerships to ensure the most effective response to international money laundering.

Country: Jordan

Status: ongoing

Themes: Uncategorised

Last updated: December 2020


Concrete: Concrete | New: Somewhat New | Ambitious: Somewhat Ambitious

  • 5 Evidence:

    Partnership between the Public & Private sector Law:

    A Framework for Disclosure in Public-Private Partnership Projects

    Anti-Money Laundering and Terrorist Financing Law No. 46 of 2007 and its amendments

    Anti-Money Laundering and Terrorist Financing Unit Homepage

    More Information - Jordan's Anti-Corruption Pledge Tracker

  • 3 Notes:

    The Partnership Unit between the Public and Private Sectors in the Cabinet is committed to implementing Law No. 17/2020 (Partnership between the Public & Private sector Law) article (8):

    a. Opening a special account for the unit’s spending on developing partnership projects in which the funds that the government may allocate for the partnership projects, grants, donations, aid, donations and any other resources received are deposited in it, funds will be subjected to the approval of the Council of Ministers if they are from a non-Jordanian source.

    b. Expenditure is made from the account for the purposes of financing studies, research and reports related to partnership projects, contracting with consultants, seeking assistance from experts, offering bids and covering the expenses that may arise, without signing partnership contracts.

    c. All matters related to the account, including the formation of a committee to supervise it, shall be determined in accordance with a regulation issued for this purpose.

    Jordan adheres to the Disclosure Framework in Public – Private Partnership Project prepared by the World Bank. In addition, that they work with the utmost transparency and according to the best international practices for integrity and objectivity when preparing, proposing and negotiating partnership projects.

    The Integrity and Anti-Corruption Commission established a department for combating money laundering in corruption crimes within the Commission's Investigation Directorate. At the same time, the Integrity and Anti-Corruption Commission submitted a draft amendment to the Integrity and Anti-Corruption Law No. (13) for the year 2016 to explicitly include the provision that the crime of money laundering be considered an act of corruption In Article (16) of the mentioned law, the draft is currently under constitutional procedures

    - Increasing the number of notifications addressed by the authority to the anti-money laundering unit regarding investigative cases referred to the Attorney General, which resulted in a financial impact and alternately risking the unit with investigative cases of financial weight, in which the investigation is carried out in parallel with the investigation of corruption crimes.

    - Notify the anti-money laundering Unit about the information received by the Authority that is outside its jurisdiction in the event of suspicions of money laundering in order to take the necessary legal requirements by it.

    Updated: October 31, 2020

    The Anti-money laundering and counter terrorist financing law No. (46) of 2007 regulates all aspects related to fighting the crime of money laundering and terrorist financing and punishing its perpetrators. In accordance with the law, the Anti-Money Laundering and Terrorist Financing Unit was established as an independent unit, linked to the Governor of the Central Bank of Jordan, and specialises in receiving notifications related to any suspected operations on money laundering or terrorist financing. The unit has the right to exchange information with international counterpart units on the condition of reciprocity, provided that this information is used only for purposes related to fight money laundering and terrorist financing. With the condition of obtaining the approval of the counterpart unit that provided that information and the unit has the ability to conclude memoranda of understanding with counterpart units to organise cooperation in this regard. The unit is a member in the EGMONT group since 2012 and has commented and participated in many papers issued by the group. A national assessment of the risks of money laundering and terrorist financing has been developed, according to the methodology of the International Monetary Fund, by 30 national stakeholders including the private sector. According to the mentioned assessment, a national strategy has been prepared to fight money laundering and terrorist financing for the years (2019-2021) which aims to help reduce the risks of money laundering and terrorist financing in Jordan and to enhance the efforts made by all sides to combat these two crimes. As for the most prominent efforts made in the field of strengthening the relationship between the unit and the private sector in the field of exchanging information related to notifications about operations suspected of being linked to money laundering or terrorist financing: 1. Feedback: The unit provides feedback to the reporting parties. 2. Develop an online system to notify about suspects linked to money laundering and terrorist financing of the unit go (AML). 3. Guiding manual to fight money laundering and terrorist financing for banks, exchange companies and payment service providers in the Jordan. 4. The unit participates in numerous meetings, conferences and training workshops held for the private sector. The unit also provides presentations for the purposes of capacity building and awareness raising in the field of fighting money laundering and terrorist financing. The unit publishes its annual reports on its website, which includes the activities of the unit at the national, regional and international levels, and statistics on reporting and reports received for the unit about operations suspected of being linked to money laundering and terrorist financing. Also the asset recovery and anti-Money laundering department at JIACC coordinates with the authority concerned to implement the national strategy to fight money laundering and terrorist financing. The amendments to the anti-money laundering law allow for sharing information among national and international authorities. In addition, the Anti-Money Laundering and Terrorist Financing Unit's website has recently been updated (2020) and it shows several bilateral agreements (Turkey, Cyprus, UEA, Palestine, South Africa, Algeria, Syria, Iraq, Russia, Saudi Arabia, Morocco, Yemen, Belgium, Indonesia, Sudan, UK, Bangladesh, Japan, Australia, Canada, Panama, Kosovo and Libya). Similarly, the Unit has agreements with the insurance commission, the central bank and sales tax department.

    Peer reviewer: 1

    Updated: April 30, 2020

Jordan's Commitments
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