Circular No. 36 (2023) - Guideline on Reporting Suspicious Transactions and Activities

Palestine Monetary Authority

Circular No. 36/2023
To all Exchange Houses operating in Palestine Date: Wednesday, 08 February 2023

Subject: Guideline on Reporting Suspicious Transactions and Activities

Attached is the Guideline on Reporting Suspicious Transactions and Activities. Accordingly, necessary actions are requested to improve the quality of reports submitted to the Financial Monitoring Unit, and to work on the following:

1. Informing and training relevant employees on suspicious indicators and internal reporting requirements.
2. Enhancing the monitoring of suspicious activities and transactions using specific indicators and scenarios.

Supervision Group
Palestine Monetary Authority

Copy to: The Esteemed Financial Monitoring Unit

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