Implementing AML/CFT Audits Relevant to FinTech in Financial Institutions: Middle East Region/Jordan

Mamoun Mahmoud Almashaqbah, CAMS

This paper aims to highlight the role of internal audit function in examining AML/CFT procedures and programs regarding financial technology products and services by using an audit risk-based approach and IT audit. It also seeks to identify the role of regulatory authorities, particularly in regard to Jordan’s experience in this field balancing between the support and encouragement of innovation in the financial and banking sector, and also maintaining the integrity, robustness, and transparency of the banking system.

Download PDF