Regulatory Alerts2023-01-01
Circular No. 36/2023 – Guide for Reporting Suspicious Transactions and Activities
Palestine Monetary Authority issued Circular No. 36/2023 to all money changers in Palestine, mandating the implementation of the attached Guide for Reporting Suspicious Transactions and Activities. The directive requires money changers to train relevant staff on suspicion indicators and internal reporting requirements, while enhancing the monitoring of suspicious activities through specific indicators and scenarios. These measures aim to improve the quality of reports submitted to the Financial Monitoring Unit.
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