Registry for Societies ratifies policy document on anti-money laundering

By JT - Jul 11,2018 - Last updated at Jul 11,2018

AMMAN — The Registry for Societies has recently ratified a policy document on anti-money laundering and countering financing of terrorism based on relevant laws, The Jordan News Agency, Petra reported.

Minister of Social Development Hala Lattouf, also head of the Registry for Societies, said the policy document aims to protect societies from exploitation in money laundering and terrorism funding crimes, citing the dangers of such crimes on the national security and economy.

She also highlighted the importance of ensuring societies’ compliance with relevant laws and the intensified monitoring over their work.

Stressing the need to empower and build capacity of supervisory bodies overseeing societies, the minister said that the policy has preventive and remedial measures to protect societies and charity organisations from money laundering and terrorism financing.

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