Customs Department begins applying Anti-Money Laundering Law

AMMAN — The Customs Department on Sunday said that it had begun to apply new measures related to the recently passed Anti-Money Laundering and Countering the Financing of Terrorism Law, which was published on the Official Gazette.

Under the new law, those arriving in and departing the Kingdom must disclose the value of their cash or valuable items should they exceed JD10,000, or its equivalent in foreign currencies.

This disclosure also applies to physical cross-border transportation, including mail and freight, the Jordan News Agency, Petra, reported.

The department warned that failure to submit their disclosure, to submit a false disclosure, or if it is suspected the cash is involved in money laundering, the associated offence or the financing of terrorism are subject to legal accountability.