Amman, July 12, (Petra) – The Central Bank of Jordan (CBJ), in
partnership with the European Bank for Reconstruction and Development
(EBRD), organized a workshop designed to raise awareness regarding
cybercrime risks and evolving regulatory standards in the banking
sector, focusing on enhancing the role of compliance in international
trade.

According to a Central Bank statement issued Sunday, the workshop
drew representatives from an elite group of financial institutions
who exchanged expertise to bolster compliance and risk management
practices concerning financial crimes and sanctions in alignment with
international benchmarks.

The workshop follows two and a half years after Jordan’s removal from
the Financial Action Task Force grey list of jurisdictions under
increased monitoring, reflecting the Kingdom’s continuous commitment
to sustaining its progress in combating money laundering and
terrorist financing.

The event gathered nearly 100 participants representing 51 financial
institutions, including chief compliance officers, anti-money
laundering and counter-terrorist financing specialists, trade finance
experts, risk management professionals, internal audit and control
personnel, financial crime compliance analysts, and senior banking
executives.

Discussions spanned a wide range of critical topics, including shifts
in the global financial crime landscape, Financial Action Task Force
priorities, money laundering and terrorist financing patterns,
international sanctions and trade compliance, correspondent banking
controls, and emerging risks associated with virtual assets, digital
finance, and trade-based money laundering.

//Petra// AA