Regulatory Alerts2017-01-01
Circular 78: Anti-Money Laundering and Counter-Terrorist Financing Procedures Manual
The Palestine Monetary Authority issued Circular 78/2017 to mandate all banks operating in Palestine to adopt and implement the attached Anti-Money Laundering and Counter-Terrorist Financing Procedures Manual. This directive requires financial institutions to fully comply with the manual's guidelines and establish necessary internal measures to ensure operations align with the stipulated regulatory framework. The mandate is legally grounded in Law Decree No. 9 of 2010 concerning Banks and Law Decree No. 20 of 2015 on combating money laundering and terrorist financing, including all subsequent amendments.
Share