Regulatory Alerts2023-01-01
Circular No. 25/2023 for Money Exchange Companies: Guideline on Implementing UN Security Council Resolutions
The Palestine Monetary Authority issued Circular No. 25/2023 to direct all money exchange companies in Palestine to implement the UN Security Council Resolutions Implementation Committee's Guideline. The circular mandates these entities to monitor the committee’s official website, promptly document targeted financial sanctions, and train relevant staff on mechanisms for combating terrorist financing and weapons of mass destruction proliferation. Compliance requires immediate action to ensure accurate, timely application of all designated financial measures across the sector.
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