Regulatory Alerts2025-01-01
Circular No. 100/2025: High-Risk Countries and Countries Under Enhanced Follow-Up
The Palestine Monetary Authority issued Circular No. 100/2025 to enforce the Financial Follow-Up Unit's Decision No. 2025/2, which updates the lists of high-risk and enhanced follow-up countries based on FATF standards. Financial institutions and designated non-financial businesses are required to apply enhanced due diligence and targeted financial sanctions to countries on the black and grey lists, while strictly prohibiting certain business relationships with black-listed jurisdictions. The directive mandates that institutions integrate these country risk classifications into their self-assessment processes and adhere to specific operational restrictions and reporting obligations.
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