Regulatory Alerts2020-01-01
Circular No. 120: Reporting Suspicious Cases and Using the GoAML Program
The Palestine Monetary Authority issued Circular No. 120 mandating all payment service companies in Palestine to immediately report suspected money laundering, terrorist financing, or predicate crimes via the GoAML system. The directive requires strict compliance with registration protocols, immediate electronic and written reporting through the Financial Intelligence Unit's platform, and full cooperation with information requests. Accompanying user guides detail the GoAML registration, login, and suspicious activity reporting workflows to ensure standardized, confidential, and timely compliance.
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