Financial Crime World

Jordan’s Struggle with Financial Crime and Corruption Exposed

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The Council of Europe has recently highlighted the significant issue of financial crime and corruption in Jordan, a country that is struggling to implement effective measures to combat these problems.

Objectives for Cooperation

According to the report, the main objective of the cooperation between the Council of Europe and Jordan from 2015-2017 is to:

  • Consolidate the achievements of previous years and initiate new areas of cooperation in line with national reform priorities.
  • Promote the legal harmonisation of Jordan’s legislation with European and international standards.
  • Support the development and implementation of new legislation.

Combating Corruption and Money Laundering

The report highlights the need to combat corruption and money laundering, which are major challenges for Jordan. The country has been plagued by corruption scandals in recent years, including allegations of embezzlement and bribery among government officials.

  • Corruption and financial crime can undermine trust in government institutions and hinder economic development.
  • It is essential that Jordan implements effective measures to combat these problems.

Programme: Towards Strengthened Democratic Governance in the Southern Mediterranean

The Council of Europe is implementing a Programme called “Towards Strengthened Democratic Governance in the Southern Mediterranean”, which focuses on:

  • Human rights
  • Rule of law
  • Democracy

The Programme includes a significant component on combating corruption and money laundering, which will be implemented as a separate project.

Project Team

The Project Team is based in Strasbourg and has a national consultant, Mr. Ala K. Asali, based in Amman, Jordan.

Experts’ Views

Experts say that the implementation of this Programme is crucial for Jordan’s economic and political stability:

  • Corruption and financial crime can undermine trust in government institutions and hinder economic development.
  • It is essential that Jordan implements effective measures to combat these problems.

Recommendations

The report highlights the need for increased transparency and accountability, as well as the strengthening of institutional capacities to combat corruption and money laundering.

Conclusion

Jordan’s struggle with financial crime and corruption is a major concern not only for the country itself but also for the region and the international community. The implementation of this Programme is seen as a vital step towards addressing these issues and promoting greater stability and prosperity in Jordan.