Regulatory Alerts2025-01-01
Palestine Monetary Authority Circular No. 137/2025: High-Risk and Jurisdictions Under Increased Monitoring
The Palestine Monetary Authority issued Circular No. 137/2025 to enforce the Financial Follow-Up Unit's Decision No. (2025/3), requiring financial institutions to apply enhanced due diligence and specific prohibitions regarding high-risk jurisdictions. The circular updates the list of jurisdictions under increased monitoring by removing South Africa, Nigeria, Mozambique, and Burkina Faso, while maintaining enhanced measures for countries like North Korea and Iran. Institutions must integrate these FATF-listed risks into their self-assessments and ensure strict compliance with targeted financial sanctions and reporting obligations.
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