Law Updates Enable Wealth Investigations
The proposed amendments to the amended Anti-Money Laundering and Counter-Terrorism Financing Law in Jordan focus on expanding the scope of measures and authority to effectively combat illegal financial transactions. Among the most significant changes are the recognition of virtual assets as monitored activities, and the expansion of powers to trace, seize, and confiscate assets, including equivalent funds and assets derived from money laundering or terrorism financing crimes. The law also enables expanded financial investigations into funds that are disproportionate to the suspect's income, while enhancing investigative tools and international cooperation in asset recovery. The aim is to more effectively combat money laundering and terrorism financing.
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