Jordan to Host Regional Conference on Combating Money Laundering and Terrorist Financing through Virtual Assets
Amman, Jordan - December 13th-15th, 2022
The European Union’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) Global Facility, in collaboration with the Jordanian National Anti-Money Laundering and Counter-Terrorist Financing Committee (NAMLCTFC), is set to host a three-day regional conference on tackling money laundering and terrorist financing risks associated with virtual assets.
Objectives
The conference aims to share best practices among countries in the Middle East and North Africa (MENA) region to combat money laundering and terrorist financing using new technologies. The event will bring together experts from:
- Government agencies
- Financial institutions
- Regulatory bodies
to discuss the risks and challenges posed by virtual assets, such as cryptocurrencies and initial coin offerings.
Jordan’s Leadership in Combating Money Laundering and Terrorist Financing
Jordan has been at the forefront of combating money laundering and terrorist financing in the region. The country has made significant strides in implementing international standards and requirements, including Recommendation 15 of the Financial Action Task Force (FATF) on New Technology and its applications.
Conference Agenda
The conference will focus on several key objectives, including:
- Understanding the virtual asset phenomenon in the MENA region
- Achieving robust risk assessments at country and authority levels
- Highlighting the application of the risk-based approach to AML/CFT measures for virtual assets
- Exploring the importance of public-private partnerships in addressing the challenges posed by virtual assets
Event Details
The event is expected to attract participants from across the region and beyond. The conference will be held in a hybrid format, with both online and onsite participation options available.
Partnership and Technical Assistance
The European Union’s AML/CFT Global Facility provides technical assistance to non-European countries, including Jordan, to help them combat money laundering and terrorist financing. The facility is managed by the European Union’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) Agency.
MENA Financial Action Task Force
The conference is organized in collaboration with the Middle East and North Africa Financial Action Task Force (MENAFATF), which aims to promote cooperation among countries in the region to combat money laundering and terrorist financing.