CBJ wants banks to obtain audited accounts from clients

AMMAN — The Central Bank of Jordan (CBJ) on Monday asked banks in the Kingdom to rely on clients' financial data accredited from a legal auditor.

CBJ Governor Ziad Fariz issued a circular on November 18 to banks related to clients' financial data, aimed at safeguarding the banking system's safety and guaranteeing a sound financial system for banks.

The circular, according to the CBJ, is also aimed at following the best international standards which contribute to improving the business environment and keeping the market's discipline through enhancing banks' efficiency in employing funds.

Such procedures would also enhance the credibility of clients' fiscal data and achieve more justice, transparency and good governance among all stakeholders.