Regulatory Alerts2023-01-01
Circular No. 23 (2023) Payment Sector Guideline for Implementing UN Security Council Resolutions
The Palestine Monetary Authority issued Circular No. 23 (2023) to direct all payment service companies in Palestine to adopt the UN Security Council Resolutions Implementation Committee's Guideline. The circular mandates these entities to continuously monitor the committee’s official website and promptly document the application of targeted financial sanctions. Additionally, it requires payment service companies to train relevant personnel on the mechanisms for combating terrorism financing and preventing the proliferation of weapons of mass destruction.
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Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (23/2023) To all payment service companies operating in Palestine Date: Tuesday, February 07, 2023
Subject: Guideline for Implementing United Nations Security Council Resolutions
Attached is the Guideline approved by the Honorable UN Security Council Resolutions Implementation Committee regarding the implementation of UN Security Council resolutions. Accordingly, necessary actions are requested, including:
- Monitoring the official website of the UN Security Council Resolutions Implementation Committee, and working to document the application of targeted financial sanctions promptly and without delay.
- Informing and training relevant staff on the mechanism for implementing UN Security Council resolutions related to combating terrorism financing and the proliferation of weapons of mass destruction.
Supervision Group Palestine Monetary Authority
Copy to: The Honorable Attorney General - Chairman of the UN Security Council Resolutions Implementation Committee