Financial Crime World

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Jordan’s Non-Profit Organizations Face Terrorist Financing Risks

Amman, Jordan - A new report has highlighted the need for improved measures to prevent non-profit organizations (NPOs) in Jordan from being exploited by terrorist financing groups.

Combating Terrorism Financing Risks

According to the report, while Jordan has a legal and regulatory framework in place to combat terrorism financing risks, there are areas that require focus. The report notes that NPOs’ internal governance and capacity are critical factors in mitigating these risks.

Key Recommendations

To address the terrorist financing risk, the report recommends:

  • Introduce a formal written mechanism for identifying and scoring terrorist financing risks to facilitate targeted supervision and monitoring of high-risk NPOs.
  • Implement a set of preventive measures and relevant sanctions to prevent NPOs from being exploited by terrorist financing groups.
  • Improve coordination and information sharing mechanisms among regulatory bodies, including the National Anti-Money Laundering and Terrorist Financing Committee.

Capacity Building and Outreach

The report also recommends expanding outreach programs to protect NPOs from terrorist financing risks. This includes:

  • Designing capacity-building programs for CSOs
  • Developing governance concepts
  • Providing transparent reports
  • Implementing face-to-face and online training sessions and media materials at the national level to raise awareness about procedures and policies aimed at protecting NPOs from ML/TF risks.

Conclusion

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The report emphasizes the need for improved measures to prevent NPOs in Jordan from being exploited by terrorist financing groups. By implementing the recommended measures, Jordan can better protect its NPO sector from these risks and promote transparency and accountability within the sector.

This article is part of Jordan’s OGP Fifth National Action Plan 2021-2025, which aims to develop policies and procedures that adopt a risk-based approach in supervising and overseeing the work of CSOs to protect them from ML/TF risks.