Regulatory Alerts2026-01-01
Decision No. 1 of 2026 Regarding High-Risk and Enhanced Follow-Up Countries
The Palestine Monetary Authority’s Financial Follow-Up Unit issued Decision No. 2026/1 and Circular No. 21/2026 to formally update the high-risk (blacklist) and enhanced follow-up (greylist) country lists in alignment with FATF standards. The directive mandates financial institutions and designated non-financial businesses to apply risk-based due diligence, targeted financial sanctions, and specific countermeasures for North Korea and Myanmar, while integrating Kuwait and Papua New Guinea into the grey list. Furthermore, it requires continuous self-assessment of AML/CFT deficiencies, enhanced reporting mechanisms, and strict compliance with FATF action plans to mitigate money laundering and terrorist financing risks across all listed jurisdictions.