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) directing all money exchange companies in Palestine to implement the UN Security Council Resolutions Implementation Committee's Guideline. The circular mandates that these institutions monitor the Committee’s official website and promptly document targeted financial sanctions without delay. Furthermore, money exchange companies must train relevant personnel on the operational mechanisms for combating terrorist financing and the proliferation of weapons of mass destruction.
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