Regulatory Alerts2023-01-01
Circular No. 37/2023 – Money Changers: Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022
The Palestine Monetary Authority issued Circular No. 37/2023 to direct all money changers operating in Palestine to immediately implement and update their policies and procedures in accordance with the newly published Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022. This circular mandates compliance with the National Committee’s updated regulatory framework and formally repeals all prior instructions specified under Article 38. Money changers are required to align their operational guidelines with the attached instructions without delay to ensure full regulatory adherence.
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