Regulatory Alerts2020-01-01
Circular No. 84/2020: Exercise Caution in Emergency Situations
The Palestine Monetary Authority issued Circular No. 84/2020 requiring all specialized lending institutions operating in Palestine to implement enhanced vigilance and maintain strict compliance with anti-money laundering and counter-terrorist financing regulations during emergency situations. The directive mandates that institutions exercise heightened caution to prevent the exploitation of current crises for illicit financial activities while ensuring uninterrupted operational continuity for compliance personnel. This requirement reinforces full adherence to Legislative Decree No. 20 of 2015 and its implementing regulations to safeguard financial stability and mitigate emerging risks.
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