Jordan Country Summary

FATF Status

Jordan is no longer on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Jordan was undertaken in 2022. According to that Evaluation, Jordan was deemed Compliant for 8 and Largely Compliant for 24 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 2 of the Effectiveness & Technical Compliance ratings.

Jordan has made strides in addressing corruption through the ratification of international conventions and the establishment of various anti-corruption laws, although personal connections often influence economic interests. The country faces significant challenges related to organized crime, including human trafficking and drug-related issues, while its judicial system struggles with inefficiencies and external pressures that undermine its independence.

Jordan's economy is characterized by a government that actively encourages foreign investment, aiming to create a market-oriented and globally competitive environment. Despite this welcoming stance, challenges persist, including inconsistent implementation of investment policies, high utility costs, and bureaucratic inefficiencies that hinder business operations. Nevertheless, Jordan presents significant opportunities for foreign investors, particularly in sectors like technology, renewable energy, and tourism, bolstered by a well-educated workforce and numerous free trade agreements that enhance its attractiveness as a manufacturing hub.