Regulatory Alerts2022-01-01
Circular No. 224/2022: Sanctions and Freezing Lists for Exchangers
The Palestine Monetary Authority issued Circular No. 224/2022 to all licensed exchangers in Palestine, mandating immediate registration with the UN Security Council Resolutions Implementation Committee's website and the prompt electronic updating of sanctions and freezing lists from official sources. The directive requires exchangers to instantly enforce all published Security Council resolutions, specifically highlighting UN Resolutions 1718 (2006) on North Korea and 2231 (2015) on Iran. Non-compliance will result in the strictest penalties as enforced by the Authority's supervision group.
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