Regulatory Alerts2025-01-01
Decision No. (3) of 2025: High-Risk and Jurisdictions Under Increased Monitoring
The Financial Follow-Up Unit of the State of Palestine issued Decision No. (2025/3) to update the lists of high-risk jurisdictions and those under increased monitoring in accordance with FATF standards. The decision mandates financial institutions and designated non-financial businesses to apply enhanced due diligence and risk-based approaches to transactions involving these jurisdictions, specifically removing South Africa, Nigeria, Mozambique, and Burkina Faso from the grey list. It further requires entities to consider identified deficiencies in AML/CFT systems and implement corrective action plans as detailed in the attached annex.
Share