AML Law Changes Enable Asset Investigations
The article pertains to an amended draft law on Anti-Money Laundering and Combatting Terrorism Financing in Jordan for the year 2026. The law aims to strengthen the anti-money laundering and counter-terrorism financing framework by introducing new concepts and tools. The amendments include listing virtual assets among the reporting entities, expanding authorities to trace, seize, and confiscate funds, including assets linked to money laundering and terrorism crimes. The draft also grants greater powers for financial investigations, broadens the scope of asset recovery, enhances oversight of non-profit organizations, expands the membership of the National Anti-Money Laundering Committee, and grants the AML unit an independent legal personality. The law focuses on enhancing investigative tools, expanding international cooperation, and implementing measures to halt transactions in order to reduce the risks associated with money laundering and terrorism financing, thereby facilitating the recovery of assets derived from criminal activities.
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