The Anti Money Laundering and Counter Terrorist Financing Unit participated in a workshop titled "Developing, Upgrading Anti-Money Laundering, and Combatting the Financing of Terrorism Approaches, Methodologies, and Controls for Financial Institutions and Designated Non-Financial Businesses and Professions" held in Amman during the period from 7-9 / 3/2017 in cooperation with Global Center on Cooperative Securities and Ministry of Foreign Affairs of Denmark with the participation of experts and speakers from Australia and Union Of Arab Banks, as well as participants from several sectors in Jordan. Ms. Rand Gharandouq opened the workshop on behalf of the Unit.
Participants discussed the International Standards of compliance programs and the major international trends in private sector that comply with AML/ CFT rules, and ways of maintaining correspondent banking services and relationships. The workshop also discussed the international obligations to combat money laundering and terrorist financing for non-financial institutions and professions, applying risk-based approaches by them and by the compliance and law enforcement sectors. The participants also discussed money-laundering patterns in real estate, lawyers, accountants, and NGOs as well as the challenges of the private sector & and the non-financial institutions and professions, the risks of virtual currencies and bitcoins, the impact of electronic crime, and the necessity of designing compliance program that help in combating money laundering and terrorist financing carried out through modern instruments.