Regulatory Alerts2025-01-01
Palestine Monetary Authority Circular No. 2025/25: High-Risk Jurisdictions and Jurisdictions Under Enhanced Follow-Up
The Palestine Monetary Authority issued Circular No. 2025/25 on October 28, 2025, requiring specialized lending institutions to implement Decision No. 2025/3 from the Financial Follow-Up Unit regarding updated lists of High-Risk and Enhanced Follow-Up jurisdictions. The directive mandates the application of risk-based approaches and enhanced due diligence measures for transactions involving countries on the FATF Grey List, while requiring targeted financial sanctions and specific countermeasures for Black List countries including North Korea, Iran, and Myanmar. Institutions must adjust their self-assessments of money laundering and terrorism financing risks to reflect the deficiencies identified in the attached action plans for jurisdictions such as Algeria, Angola, and Bolivia.