Regulatory Alerts2022-01-01
Circular No. 222/2022: Sanctions and Freezing Lists
The Palestine Monetary Authority issued Circular No. 222/2022 to mandate immediate compliance with United Nations Security Council sanctions and freezing lists. Payment service companies operating in Palestine are required to register on the Committee's official website, instantly implement relevant resolutions regarding North Korea and Iran, and electronically update their internal sanctions lists without delay. The Authority explicitly warns that strict penalties will be enforced against any non-compliant entities.
Share