Financial Crime World

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Jordan’s NPO Sector Under the Spotlight: Associations Registry Issues Terrorist Financing Risk Assessment Report

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Amman, Jordan - The Associations Registry, the regulatory body of around 77% of the Non-Profit Organization (NPO) sector in Jordan, has released its Terrorist Financing Risk Assessment Report for the NPO sector in the country. The report highlights key findings and recommendations to mitigate the risk of terrorist financing within the NPO sector.

Assessment Findings

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The report assesses the inherent risk of terrorist financing within the NPO sector as Low-Medium, with a medium rating for the adequacy of mitigating measures. Despite this, the overall assessment remains unchanged, with no significant changes to the inherent risk score.

Key Recommendations

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To address high-risk factors, the report recommends implementing three main pillars:

  • Legal Review:
    • Introduce a formal written mechanism identifying and scoring TF risks (risk scoring matrix) to facilitate targeted supervision and monitoring of NPOs at risk of terrorist financing.
  • Coordination and Information Sharing:
    • Establish an operational standing Liaison Technical Committee under the National Anti-Money Laundering and Terrorist Financing Committee.
    • Add NPO regulators to the existing GOAML system run by AMLU.
  • Outreach and Capacity Building:
    • Expand outreach programs to protect NPOs from terrorist financing risk, building on commitments made in Jordan’s Fifth National Action Plan under the Open Government Partnership.

Continuing Efforts

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The report recommends continuing efforts to:

  • Develop policies and procedures adopting a risk-based approach in supervising and overseeing NPO activities.
  • Strengthen governance within the sector.
  • Implement capacity-building programs and awareness-raising sessions for both governmental institutions and NPOs.

Contact

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For further information or inquiries, please contact the Associations Registry at [insert contact details].