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CBJ imposes new rules on money transfers to and from Syria

By : staff writer

Jordan Daily – The Central Bank of Jordan (CBJ) tightened control on money transfers to and from Syria on Tuesday, requiring exchange companies to verify the identity and location of the real beneficiaries of the transactions.

In a circular issued by the CBJ, exchange companies are instructed to only execute transfers for customers of foreign exchange companies (third parties) that deal with the Syrian company, and to ensure that the real beneficiary of incoming transfers is in Jordan and of outgoing transfers is in Syria.

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