Regulatory Alerts2023-01-01
Circular No. 22/2023: The Guideline for Implementing UN Security Council Resolutions
The Palestine Monetary Authority issued Circular No. 22/2023 to mandate all Palestinian banks to promptly implement the attached UN Security Council Resolutions Implementation Committee Guideline. The directive requires institutions to continuously monitor the Committee’s official website and document targeted financial sanctions without delay. Furthermore, banks must ensure relevant staff are informed and trained on the operational mechanisms for combating terrorist financing and weapons of mass destruction proliferation.
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