The Jordan Securities Commission (JSC) published an update on a meeting between its Board of Commissioners and the Integrity and Anti-Corruption Commission, focusing on coordinated oversight and cooperation, including around the newly approved Virtual Assets Law and related money laundering risks. The Integrity and Anti-Corruption Commission’s chair, Dr. Muhannad Hijazi, described the two bodies’ supervisory roles as complementary and highlighted joint work to promote national integrity standards such as the rule of law, transparency, accountability, justice, equality, equal opportunities and governance, alongside training and awareness efforts. Hijazi also pointed to the importance of the Virtual Assets Law given concerns that virtual assets may be used to smuggle funds. JSC Board Chair Imad Abu Haltam stated that the Virtual Assets Law will be implemented one month after its publication in the Official Gazette, that the JSC is running media awareness efforts to protect citizens investing in foreign exchanges and dealing with virtual currencies, and that dealing with all types of virtual currencies will not be allowed; he also noted internal reform decisions, a review of JSC instructions and regulations, and ongoing work to study the structure of dealing with foreign exchanges. Abu Haltam indicated the JSC’s intention to conclude a memorandum of understanding covering training, exchange of experience and money laundering cooperation, which the Integrity and Anti-Corruption Commission’s council welcomed.

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