Regulatory Alerts2023-01-01
Circular No. 33/2023 – Payment Sector: Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022
The Palestine Monetary Authority issued Circular No. 33/2023 to require all payment service companies operating in Palestine to immediately implement and update their policies and procedures in accordance with the newly issued Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022. The circular mandates compliance with the National Committee’s updated regulatory framework, which was published in Official Gazette No. 198 and supersedes prior instructions as stipulated in Article 38. Payment service providers must align their operational guidelines with these updated requirements to ensure full regulatory adherence effective upon issuance.
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