Regulatory Alerts2023-01-01
Circular No. 24/2023: Guideline for Implementing United Nations Security Council Resolutions
The Palestine Monetary Authority issued Circular No. 24/2023 to mandate all lending institutions operating in Palestine to immediately adopt the approved Guideline for executing United Nations Security Council resolutions. The directive requires institutions to continuously monitor the Committee’s official website, promptly document the application of targeted financial sanctions, and train relevant personnel on procedures for combating terrorism and weapons of mass proliferation financing. Compliance is overseen by the Authority’s Supervision Group, with the circular formally copied to the Attorney General as Chairman of the implementing committee.
[Logo of the Palestine Monetary Authority]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (24/2023) To all lending institutions operating in Palestine Date: Tuesday, February 07, 2023
Subject: Guideline for Implementing United Nations Security Council Resolutions
Attached is the Guideline approved by the Members of the Committee for Implementing United Nations Security Council Resolutions regarding the implementation of UN Security Council resolutions. Accordingly, the necessary measures are requested, including:
- Monitor the official website of the Committee for Implementing United Nations Security Council Resolutions, and work to document the application of targeted financial sanctions immediately and without delay.
- Inform and train relevant staff on the mechanism for implementing UN Security Council resolutions related to combating the financing of terrorism and the financing of proliferation of weapons of mass destruction.
Supervision Group Palestine Monetary Authority
Copy: His Excellency the Attorney General - Chairman of the Committee for Implementing United Nations Security Council Resolutions