Financial Crime World

Here is the rewritten article in Markdown format:

Jordan’s AML/CFT Regulations: A Breakdown by Country

Jordan, a country located in the Middle East, has been evaluated by the Financial Action Task Force (FATF) on its anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations. The country received ratings that reflect the extent to which it has implemented the technical requirements of the FATF Recommendations.

Progress Made

According to the 2019 Mutual Evaluation, Jordan has made significant progress in implementing AML/CFT measures, with some areas requiring improvement.

Compliance Breakdown by Recommendation

Here is a breakdown of the country’s compliance by recommendation:

  • Recommendation R.1: Assessing risk and applying a risk-based approach - Partially Compliant
  • Recommendation R.2: National cooperation and coordination - Largely Compliant
  • Recommendation R.3: Money laundering offence - Largely Compliant
  • Recommendation R.4: Confiscation and provisional measures - Partially Compliant
  • Recommendation R.5: Terrorist financing offence - Largely Compliant
  • Recommendation R.6: Targeted financial sanctions related to terrorism and terrorist financing - Partially Compliant
  • Recommendation R.7: Targeted financial sanctions related to proliferation - Non-Compliant
  • Recommendation R.8: Non-profit organisations - Non-Compliant
  • Recommendation R.9: Financial institution secrecy laws - Compliant
  • Recommendation R.10: Customer due diligence - Largely Compliant
  • Recommendation R.11: Record keeping - Largely Compliant
  • Recommendation R.12: Politically exposed persons - Largely Compliant
  • Recommendation R.13: Correspondent banking - Compliant
  • Recommendation R.14: Money or value transfer services - Largely Compliant
  • Recommendation R.15: New technologies - Largely Compliant
  • Recommendation R.16: Wire transfers - Largely Compliant
  • Recommendation R.17: Reliance on third parties - Largely Compliant
  • Recommendation R.18: Internal controls and foreign branches and subsidiaries - Largely Compliant
  • Recommendation R.19: Higher-risk countries - Largely Compliant
  • Recommendation R.20: Reporting of suspicious transactions - Partially Compliant
  • Recommendation R.21: Tipping-off and confidentiality - Partially Compliant
  • Recommendation R.22: DNFBPs: Customer due diligence - Non-Compliant
  • Recommendation R.23: DNFBPs: Other measures - Non-Compliant
  • Recommendation R.24: Transparency and beneficial ownership of legal persons - Partially Compliant
  • Recommendation R.25: Transparency and beneficial ownership of legal arrangements - Non-Compliant
  • Recommendation R.26: Regulation and supervision of financial institutions - Partially Compliant
  • Recommendation R.27: Powers of supervisors - Largely Compliant
  • Recommendation R.28: Regulation and supervision of DNFBPs - Partially Compliant
  • Recommendation R.29: Financial intelligence units - Largely Compliant
  • Recommendation R.30: Responsibilities of law enforcement and investigative authorities - Compliant
  • Recommendation R.31: Powers of law enforcement and investigative authorities - Compliant
  • Recommendation R.32: Cash couriers - Partially Compliant
  • Recommendation R.33: Statistics - Partially Compliant
  • Recommendation R.34: Guidance and feedback - Partially Compliant
  • Recommendation R.35: Sanctions - Partially Compliant
  • Recommendation R.36: International instruments - Largely Compliant
  • Recommendation R.37: Mutual legal assistance - Partially Compliant
  • Recommendation R.38: Mutual legal assistance: freezing and confiscation - Non-Compliant
  • Recommendation R.39: Extradition - Partially Compliant
  • Recommendation R.40: Other forms of international cooperation - Partially Compliant

Conclusion

Jordan’s AML/CFT regulations have made significant progress in recent years, but there are still areas that require improvement. The country is working to strengthen its regulatory framework and implement measures to prevent money laundering and terrorist financing.