Regulatory Alerts2023-01-01
Circular No. 36 (2023) - Guideline on Reporting Suspicious Transactions and Activities
The Palestine Monetary Authority issued Circular No. 36/2023 to mandate that all exchange houses operating in Palestine implement specific measures for reporting suspicious transactions and activities. The directive requires these institutions to train relevant staff on internal reporting requirements and suspicious indicators, while simultaneously enhancing monitoring through defined scenarios. These measures aim to improve the overall quality of reports submitted to the Financial Monitoring Unit.
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