Cabinet approves new digital platform to verify check issuers’ solvency

Cabinet approves new digital platform to verify check issuers’ solvency
The Cabinet, during a session chaired by Prime Minister Jafar Hassan, on Sunday approves the launch of a new digital service that allows individuals and institutions to verify the financial solvency of check issuers (Petra photo)

- Amendment to 2025 currency exchange licensing regulation endorsed

- Jordan, Syria sign MoU to enhance diplomatic, public sector training

- Kingdom to support establishment of unified 911 emergency centre in Palestine

AMMAN — The Cabinet, during a session chaired by Prime Minister Jafar Hassan, on Sunday approved the launch of a new digital service that allows individuals and institutions to verify the financial solvency of check issuers, in a move aimed at strengthening financial transparency and regulatory oversight.

The Cabinet approved the rollout of the service via the CRIF Jordan platform, which would be accessible through the “Sanad” app. In addition to solvency checks, the platform would offer digital identity verification and electronic signature capabilities.

The initiative aims to protect recipients of checks ahead of the planned suspension of criminal penalties for bounced checks, shifting enforcement to a civil-based framework, according to a Prime Ministry statement.

The service also allows users to assess the financial credibility of check issuers, enabling more informed decisions on accepting or rejecting payments.

CRIF Jordan, which manages the credit inquiry system, compiles financial data from legal sources to generate credit reports reflecting individuals’ financial behaviour and creditworthiness.

In related decisions, the Cabinet endorsed a proposed amendment to the 2025 licensing regulation for currency exchange companies. Proposed by the Central Bank of Jordan (CBJ), the amendment aims to streamline procedures, reinforce financial soundness and adapt the legal framework to the evolving needs of the exchange sector.

The Cabinet also approved a memorandum of understanding (MoU) with the Syrian Ministry of Foreign Affairs to enhance diplomatic training and public sector capacity-building. The agreement facilitates the exchange of expertise in international relations, public administration and legal affairs.

Another MoU, signed with the Palestinian Ministry of Interior, focuses on supporting the establishment of a unified 911 emergency response centre in Palestine. Jordan would provide technical assistance and share its experience in emergency systems management.

The Cabinet also approved an agreement to develop national standards for electric vehicles (EVs), signed by the Ministry of Environment, the Jordan Standards and Metrology Organisation, and the Global Green Growth Institute. The agreement includes training, capacity building, and the development of digital platforms to promote international best practices in EV safety and infrastructure.

The Cabinet also adopted recommendations from the Settlement and Reconciliation Committee to resolve outstanding tax liabilities for 573 individuals under income and sales tax laws.

The Cabinet also approved new 2025 guidelines governing bonuses and allowances for government employees serving on boards of institutions or companies with public ownership. The guidelines cap compensation, limit board membership terms to two years (renewable once), and place oversight of disbursements under the Ministry of Finance.

The Cabinet endorsed a cooperation agreement between the Ministry of Health and the Church of Jesus Christ of Latter-day Saints to provide wheelchairs and mobility aids for individuals with physical disabilities. The agreement aims to enhance accessibility and quality of life through training and improved service delivery.

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