Jordan occupied the third place in the Arab world in combating money laundering index, according to the Basel Institute on Governance.
During a workshop named "combating financial crimes through national coordination and cooperation," the Secretary General of the Ministry of Justice, Judge Ahmed Jamalia, said in a speech on Monday, on behalf of the Minister of Justice, that Jordan fights money laundering and financing terrorism through the unit, which was established under the Anti Money Laundering and Counter Terrorist Financing Law Number 46 for the year 2007, and its amendments.
He added that financial crimes have negative impact of financial institutions and individuals, causing financial loss to the national economy. The Judge mentioned the rise of cross-border money laundering and financing of terrorism, which has new forms, taking advantage of modern technology and sophisticated means of payment and banking services.
Jamalia pointed to the regional efforts, including the Arab Convention for Combating Money Laundering and Terrorism Financing, which aims to strengthen measures to combat this scourge and cooperating between the Arab countries in this field.
The 3-day workshop, which is organized by the Justice Ministry in cooperation with the US Department of Justice, includes several working papers and practical reports for teams of suspicious transactions review report, international cooperation and mutual judicial assistance as well as prosecuting cases of terrorism financing, introduced by Jordanian and foreigner experts and specialists.