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Jordan microfinance institution AML 30 000 certification

12 July 2023



12 July 2023
Event Category:




EU AML/CFT Global Facility
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EU Global Facility empowers microfinance institutions in Jordan and Tunisia to combat money laundering, terrorist financing


In the realm of microfinance, institutions play a crucial role in empowering individuals and communities by providing access to financial services. However, with the rise of financial crime, it has become essential for these institutions to actively combat risks such as money laundering and terrorist financing. The EU Global Facility has recognised the significance of this challenge and has been providing support to microfinance institutions in Tunisia and Jordan to address these issues.

On Wednesday 12th of July 2023, Jordan’s microfinance institution Tamweelcom achieved a significant milestone by obtaining the AML 30 000 certification, solidifying their commitment to combating financial crime.

The certification ceremony, held in the presence of representatives from the EU Delegation (EUD) to Jordan, was opened by Bashar Arafeh, Chairman of Tamweelcom. His speech was followed by the congratulations of David Hotte, Team Leader of the EU Global Facility, who noted: “on behalf of the EU Global Facility, I want to warmly congratulate Tamweelcom on their remarkable achievement. This certification is a testament to their unwavering commitment to upholding the highest standards of financial integrity and actively combating the risks of money laundering and terrorist financing”.

“Tamweelcom’s dedication and exemplary efforts serve as an inspiration to the entire microfinance sector. We, at the EU Global Facility, commend their remarkable accomplishment and are confident that their leadership will encourage other financial institutions in the region to follow suit. Together, we can create a more secure and resilient financial ecosystem in Jordan and beyond.”

A representative from the EU Delegation to Jordan reiterated the European Union’s support to such endeavours, calling on collaborative efforts from all microfinance institutions around the Kingdom. Concluding the ceremony, Cristian Mocanu, Secretary General of COFICERT, the Commission for Financial Certifications which conducted Tamweelcom’s assessment, recognised Tamweelcom’s rigorous efforts in upholding financial integrity and their determination to actively address the risks of money laundering and terrorist financing.

This achievement not only positions Tamweelcom as a leader in the microfinance sector but also demonstrates their contribution to promoting good governance practices and fostering a robust financial system in Jordan. The AML 30 000 certification ceremony serves as a testament to Tamweelcom’s unwavering dedication and will undoubtedly inspire other financial institutions in the region to follow suit in the fight against financial crime.