Regulatory Alerts2022-01-01
Decree No. (14) of 2022 Concerning the Implementation of Security Council Resolutions
The President of the State of Palestine issued Decree No. 14 of 2022 to establish a dedicated committee tasked with implementing UN Security Council resolutions on counter-terrorism and non-proliferation of weapons of mass destruction. The decree mandates the committee to maintain national and UN sanction lists, enforce asset freezes, process delisting requests, and ensure financial institutions and designated non-financial businesses and professions comply with reporting and freezing obligations within strict 16-hour deadlines. It further outlines the committee's composition, procedural rules, and authority to propose listings to UN sanctions committees based on reasonable grounds for suspicion regarding ISIS, Al-Qaeda, and the Taliban.
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