Regulatory Alerts2023-01-01
Lending-2023- Circular No. 34 Guideline on Reporting Suspicious Transactions and Activities
The Palestine Monetary Authority issued Circular No. 34 (2023) attaching the Guideline on Reporting Suspicious Transactions and Activities, mandating all lending institutions operating in Palestine to implement corresponding compliance measures. The directive requires institutions to train relevant personnel on suspicion indicators and internal reporting protocols while strengthening the monitoring of suspicious activities through defined indicators and scenarios. These actions are intended to enhance the quality and accuracy of reports submitted to the Financial Monitoring Unit.
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