Bank of Jordan Introduces New Identity Verification Procedures
Amman, Jordan - In an effort to enhance customer security and comply with international regulations, Bank of Jordan has introduced new identity verification procedures for all customers.
Enhanced Customer Security Measures
The bank’s new procedures require all non-Jordanian customers to provide proof of identity in the form of documents signed by a competent employee stating that they are true copies. Additionally, customers will be required to sign a pledge to provide the bank with their updated contact information.
- Customers must provide proof of residency and income as part of the verification process.
- The new procedures aim to ensure that all customers are who they say they are and prevent any potential fraudulent activity.
Compliance with International Regulations
“We take the security and integrity of our customers’ personal data very seriously,” said a Bank of Jordan spokesperson. “These new procedures will help us ensure that we are doing everything possible to protect our customers’ identities and comply with international anti-money laundering regulations.”
The bank has also introduced new procedures for opening correspondence accounts, which require a recommendation or authentication of the customer’s signature from banks or well-known financial institutions.
- The ban on opening digital accounts for anonymous persons or those with fake identities aims to prevent fraudulent activity.
- Leasing safe deposit boxes is now restricted to customers only.
- Customer accounts with credit balances will be frozen if no deposit or withdrawal transactions have been performed within a certain period of time.
Additional Measures
The bank has also introduced procedures to:
- Refer to the approved Unified List relating to anti-terrorism financing and money laundering, as well as lists issued by the Security Council prior to commencing or continuing a banking relationship.
- Refer to the list made by the Technical Committee deriving from the National Anti-Money Laundering and Terrorism Financing Committee prior to establishing a banking relationship.
These new procedures aim to ensure that all customers are properly verified and that the bank is in compliance with international regulations.