The Anti Money Laundering and Counter Terrorist Financing Unit - Jordan FIU
The Anti-Money Laundering and Counter Terrorist Financing Unit, a public institution that is financially and administratively independent. It is considered a national center for receipt and analysis of Suspicious Transaction Reports and other information relevant to money laundering, associated predicate offences and terrorist financing.
The Unit was established pursuant to the Anti Money Laundering and Counter Terrorist Financing Law No. (46) for the Year 2007, as a financially and administratively independent Unit . It exercises its power in accordance with the provisions of the law and coordinates the implementation of the public policy in the field of combating money laundering, terrorist financing and proliferation in the Kingdom. It works in line with the vision of the National Committee that includes representatives of the government sector stakeholders and draws up public policies in this field.
The Unit is responsible for receiving the reports in relation to any transaction suspected to be related to money laundering, predicate crime or terrorist financing and requesting information related thereto, analyzing and investigating such, as well as providing the competent authorities with such information, when necessary, for the purposes of anti money laundering and counter terrorist financing.
The Unit shall have the right to exchange information with Counterpart Units based on the principle of mutual interest and reciprocity provided that the information shall be utilized only to prevent money laundering and terrorist financing, and approval of the Counterpart Unit that provided such information is obtained. The Unit shall have the right to sign memoranda of understanding with the Counterpart Units to organize cooperation in this regard.
The unit is also responsible for implementing the policies of the National Committee within the framework of local and international coordination and cooperation in the field of combating money laundering, terrorist financing and proliferation. In order to carry out its duties, the unit conducts studies and research and prepares awareness and training programs in the field of combating money laundering, terrorist financing and proliferation.
The head of the unit submits reports to the National Committee for Combating Money Laundering and Terrorist Financing on the unit’s work and activities every three months.
Finally, the unit chairs the technical committee for implementing Security Council resolutions related to terrorism, its financing, and the financing proliferation, the executive secretariat was established in accordance with the relevant instructions.