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.
[Logo of the Palestine Monetary Authority]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (25 / 2023) To All Money Exchange Companies Operating in Palestine Date: Tuesday, 07 February 2023
Subject: The Guideline on Implementing United Nations Security Council Resolutions
Attached is the Guideline approved by the UN Security Council Resolutions Implementation Committee concerning the implementation of United Nations Security Council resolutions. Accordingly, it is requested to take the necessary measures in this regard, including:
- Monitoring the official website of the UN Security Council Resolutions Implementation Committee, and working to document the application of targeted financial sanctions promptly and without delay.
- Informing and training relevant employees on the mechanism for implementing United Nations Security Council resolutions related to combating terrorist financing and the proliferation of weapons of mass destruction.
Supervision Group Palestine Monetary Authority
Copy to: His Excellency the Public Prosecutor – Chairman of the UN Security Council Resolutions Implementation Committee, may he be protected.