Regulatory Alerts2016-01-01
Circular No. 150 Prohibition of Dealing with Al-Ansari Exchange Company
The Palestine Monetary Authority mandates that all banks operating in Palestine immediately cease all incoming and outgoing financial transactions with Al-Ansari Exchange Company. This prohibition is implemented pursuant to Decision No. (2016/7) of the National Committee for Combating Money Laundering and Terrorist Financing to safeguard the integrity of the local financial sector and mitigate associated risks. The ban becomes fully effective on September 1, 2016.
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