Shraideh highlights Jordan’s anti-money laundering achievements

AMMAN — Deputy Prime Minister for Economic Affairs and Minister of State for Public Sector Modernisation Nasser Shraideh on Saturday highlighted the significance of the National Committee for Anti-Money Laundering and Countering the Financing of Terrorism’s achievements in executing the Financial Action Task Force (FATF) plan.

The plan was set when Jordan was added to the list of countries under increased monitoring (FATF grey list) in November 2021. As part of its commitment to FATF standards, Jordan agreed to implement several measures within a two-year timeframe, according to the Jordan News Agency, Petra.

During a meeting that brought together the Economic Development Committee and the National Committee for Anti-Money Laundering and Countering the Financing of Terrorism, Shraideh said that the ultimate goal is to exit the grey list as soon as possible, and overcome all obstacles to achieve this objective.

He stressed the importance of collaboration, communication and coordination among state institutions to ensure the continuity and stability of measures taken within the anti-money laundering and counter-terrorism financing system. 

Governor of the Central Bank of Jordan Adel Sharkas, who is also head of National Committee for Anti-Money Laundering and Countering the Financing of Terrorism, provided an update on the progress of the FATF plan, noting that 17 out of 24 measures have been executed, distributed among the institutions and bodies involved in the plan's provisions, which equates to 71 per cent of the plan.