JCD implements new measures in Anti-Money Laundering and Terrorist Financing
Posted On 26/09/2021
Published on September 26, 2021
Jordan Customs Department (JCD) began implementing new measures following upon the Anti-Money Laundering and Terrorist Financing Law No. (20) of 2021 which was issued on Sept. 16, 2021 and promulgated in the Official Gazette.
According to the new law, every person, upon his arrival or departure from the Kingdom, shall submit a declaration to the Customs Department regarding his possession of cash or bearer negotiable instruments (BNIs) exceeding the threshold of ten thousand Jordanian Dinars (10,000) or its equivalent in foreign currencies by completing a declaration form prepared for this purpose. This requirement to declare applies to physical cross-border transportation, including mail and freight.
The declaration is mandatory under the provisions of Paragraph (23-A) of the Anti-Money Laundering and Terrorist Financing Law.
JCD said that failure to declare or making false declaration by a passenger through providing deceptive information will subject him/her to legal liability. The new law also gave Customs Department the power to seize contravening cash and BNIs during arrival and departure of passengers, and the power to refer the matter to the competent Attorney General to take the appropriate legal action pursuant to Article 24/b of the new law.