Training of financial services companies on anti-money laundering and terrorist financing requirements

The activities of the two-day training program, which is held Today at Headquarter of Jordan Securities Commission (JSC) in coordination with the Anti-Money Laundering and Terrorist Financing Unit, on “Anti-Money Laundering and Terrorist Financing Requirements”, was launched in the presence of more than 100 participants from notification officers and compliance officers in licensed financial services companies. In addition to representatives from the Jordan Securities Commission, the Securities Depository Center, and the Amman Stock Exchange.
The holding of the training program comes in implementation of the plan of training and awareness programs launched by the unit for non-bank financial institutions and non-financial businesses and professions regarding their commitment to combating money laundering and terrorist financing with the duty to report suspicious operations.
Member of the Jordan Securities Commission’s Board of Commissioners, Mrs. Raeda Al-Naber, affirmed the JSC’s keenness to continue cooperating with the unit in the context of enhancing awareness of the risks of money laundering and terrorist financing and the importance of adhering to the mechanisms for notifying suspicious operations without delay, noting that the training program aims to shed light on the requirements and procedures required of the Financial services companies subject to the supervision of the Securities Commission in the framework of combating money laundering and terrorist financing.
The program focuses on a number of basic topics and solving practical problems, especially indicators of suspected money laundering and terrorist financing, sending notifications to the Anti-Money Laundering and Terrorist Financing Unit, and effective implementation of Security Council resolutions related to terrorism and its financing and the financing of proliferation.
It is noteworthy that the unit seeks to build joint training plans for the next two years 2023-2024 to be implemented in partnership between the unit and the regulatory and supervisory authorities, including the Securities Commission, so that the training plan will then be framed within a unified strategy.