Regulatory Alerts2026-01-01
Law No. 40 of 2022 Concerning the Licensing and Supervision of the Money Exchange Profession
The President of the State of Palestine, pursuant to Law Decree No. 40 of 2022, establishes a comprehensive regulatory framework for the licensing, supervision, and operational standards of money exchange businesses in Palestine. The decree mandates strict capital adequacy, confidentiality, anti-money laundering compliance, and periodic financial reporting, while explicitly prohibiting deposit-taking and lending activities. It further empowers the Palestinian Monetary Authority to conduct inspections, impose corrective measures and financial penalties, and revoke licenses for violations or failure to commence operations within stipulated periods.
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