Financial Crime World

Jordanian Financial Institution Anti-Corruption Policies Receive Boost from Council of Europe

The Council of Europe has taken a significant step forward in strengthening Jordan’s anti-corruption legislative framework by hosting an online presentation of a comprehensive analysis of the Integrity and Anti-Corruption Act on June 20.

Improving Anti-Corruption Laws and Practices

Representatives from the Jordanian Integrity and Anti-Corruption Commission (JIACC) engaged in a discussion with a Council of Europe expert to identify ways to improve the country’s anti-corruption laws and practices in line with international standards. The meeting aimed to clarify and expand the powers of JIACC, ensuring that the commission has the necessary resources to effectively combat corruption.

Strengthening Financial and Administrative Independence

The analysis, commissioned by JIACC, is expected to play a crucial role in enhancing Jordan’s anti-corruption system, particularly in terms of strengthening the financial and administrative independence of the commission. The study will help JIACC develop more effective strategies for combating corruption and improving transparency.

Further Support from the Council of Europe

In the wake of the analysis, the Council of Europe has pledged to provide further support to JIACC and other relevant institutions as they work to strengthen their anti-corruption systems. This activity is part of the “Promotion of Good Governance: Fight against Corruption and Money Laundering” project, which is funded by the EU/Council of Europe Programme “Regional Support to Reinforce Human Rights, Rule of Law and Democracy in the Southern Mediterranean”.

Key Takeaways

  • The Council of Europe has launched an online presentation of a comprehensive analysis of Jordan’s Integrity and Anti-Corruption Act.
  • JIACC representatives received additional information on the practical implementation of the law and ways to improve its effectiveness.
  • The analysis aims to strengthen the financial and administrative independence of JIACC, enabling the commission to effectively combat corruption.