The National Committee for Combating Money Laundering and Counter Terrorist Financing.
The National Committee for Combating Money Laundering and Counter Terrorist Financing was formed in accordance with the provisions of Article (5) of Anti-Money Laundering and Counter Terrorist Financing Law No. (46) of the year 2007.
On 9/16/2021, the Committee was reconstituted in accordance with the Article (5) of the new Anti-Money Laundering and Combating Terrorist Financing Law No. (20) of the year 2021. Chaired by the Governor of the Central Bank of Jordan and the membership of:
- Deputy Governor of the Central Bank of Jordan designated by the Governor - Vice-Chairman of the Committee.
- Secretary-General of the Ministry of Justice.
- Secretary-General of the Ministry of Interior.
- Secretary General of the Ministry of Foreign Affairs and Expatriate Affairs.
- Director General of the Jordanian Customs Department.
- Director General of the Income and Sales Tax Department.
- Director General of the Department of Land and Survey.
- General Controller of Companies.
- Secretary General of the Associations Registry.
- A commissioner from the Board of Commissioners of the Securities Commission, designated by the Chairman of the Board of Commissioners.
- A representative of the General Intelligence Department.
- The Chief of the Anti Money Laundering and Counter Terrorist Financing Unit.
- A representative of any other entity added as member to the Committee upon the decision of the Cabinet based on the recommendation of the chairman of the Committee.
The Committee shall undertake any tasks and powers related to combating money laundering, terrorist financing and proliferation, including the following:
- Formulate the general policy to combat money laundering, terrorist financing and proliferation, developing strategies and adopting the necessary plans to implement them in light of the risks of money laundering and terrorist financing in the Kingdom, and following up on the authorities responsible for their implementation.
- Adopting and updating procedures for assessing the risks of money laundering, terrorist financing and proliferation in the Kingdom.
- Providing the competent authorities with information related to risk assessments of money laundering, terrorist financing, and proliferation.
- Providing financial institutions and non-financial professions and businesses with information related to the results of risk assessment processes.
- Strengthening cooperation and coordination in the field of applying the necessary frameworks to combat money laundering, terrorist financing, and proliferation in the Kingdom.
- Participation in international forums related to the general policy of combating money laundering, terrorist financing, and proliferation.
- Proposing draft legislation related to money laundering, terrorist financing, and proliferation.
- Follow up on global developments in the field of combating money laundering, terrorist financing and proliferation, and propose the necessary measures regarding them.
- Evaluating the effectiveness of combating money laundering, terrorist financing, and proliferation systems, coordinating the collection of national statistics, information and data from all relevant parties, and stating the measures that must be taken to address their shortcomings.
- Determine the conditions for filling the position of the Head of the Unit and the reasons for the termination of his services.
- Approval of the Unit’s proposed annual budget and approval of its final financial statements.
- Appointing a chartered accountant for the Unit and determining his fees.