Regulatory Alerts2022-01-01
Dealers-2022- Circular No. 210 Amendment to the Anti-Money Laundering and Counter-Terrorist Financing Law
The Palestine Monetary Authority issued Circular No. 210 (2022) to mandate all licensed dealers in Palestine to comply with Legislative Decree No. 39 of 2022 and its amendments concerning anti-money laundering and counter-terrorist financing. The decree amends Article 47(1) to authorize the Court of First Instance, upon the Public Prosecutor's request and without prior notice, to impose provisional seizures while protecting bona fide third-party rights, with such rulings subject to appeal. All competent authorities are required to enforce these provisions immediately upon their publication in the Official Gazette.
Share