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
