jordan pulse -

AMMAN - Wael Al-Armouti, the General Controller of Companies, stated on Wednesday that the Companies Control Department referred 7 companies to the public prosecutor after discovering that these companies lacked clear mechanisms for the returns or profits they promised investors and citizens.

Al-Armouti noted that the referred companies were engaged in activities not listed in their business objectives. They were found to be non-compliant with the law regarding their stated objectives, lacked financial accounts or statements, or failed to disclose the true beneficiary concerning anti-money laundering and terrorism financing regulations.

Some of the referred companies did not have bank accounts. All violations by these companies have been compiled and sent to the public prosecutor for legal action.

The department audited and reviewed over 90,000 companies, with 47,000 companies given the opportunity to rectify their status. The Companies Control Department offers services through its website to check the legal status and legitimacy of companies, their violations, and any sanctions against them.

Al-Armouti reiterated the department's commitment to providing information about company owners, the status of the company, and authorized signatories. He also mentioned the presence of an electronic monitoring team to verify company information and documents.