Financial Institution Anti-Corruption Policies in Jordan Take Center Stage

A landmark law has been introduced in Jordan aimed at strengthening integrity and fighting corruption within the country’s financial institutions. The new legislation establishes the Integrity and Anti-Corruption Commission, which is responsible for ensuring transparency and accountability in public administration.

Key Responsibilities of the Commission

• Activating and applying set values and rules of conduct in public administration
• Ensuring high-quality services to citizens
• Providing a legal framework for holding officials accountable
• Receiving complaints and grievances from aggrieved individuals
• Cooperating with international bodies
• Detecting all forms of financial and administrative corruption

Structure and Governance

The law provides for the establishment of a Board composed of:

• A Chairman
• Four members

The Board’s tasks include:

• Establishing and implementing general policies, plans, and programs
• National integrity standards

Importance of Good Governance

Jordanian authorities have emphasized the importance of good governance standards and principles in:

• Private sector institutions
• Civil society organizations
• Public administration

To this end, the law requires these bodies to adopt and apply such standards.

Protection for Whistleblowers and Witnesses

The law provides protection for whistleblowers, witnesses, informants, and experts in corruption cases from any likely assault or reprisals.

Timeline and Effectiveness

• The new law enters into force 30 days after its publication in the Official Gazette
• Marks a significant step forward in Jordan’s efforts to combat corruption and promote transparency and accountability within its financial institutions

This landmark legislation demonstrates Jordan’s commitment to tackling corruption and promoting good governance practices, ultimately benefiting citizens and ensuring a more transparent and accountable public administration.