Regulatory Alerts2026-01-01
Added · Updated
Circular No. 23/2026: High-Risk Countries and Countries Under Enhanced Monitoring
The Palestine Monetary Authority issued Circular No. 23/2026 to enforce the Financial Follow-Up Unit's Decision No. 2026/2 regarding the updated lists of high-risk and countries under enhanced monitoring. The circular mandates financial institutions and designated non-financial businesses to apply enhanced due diligence and specific countermeasures for countries on the black and grey lists, including North Korea, Iran, Myanmar, and newly added jurisdictions like Bosnia and Herzegovina and Iraq. Institutions must integrate these country risk assessments into their self-assessment processes and strictly adhere to FATF-aligned action plans to address strategic deficiencies in anti-money laundering and counter-terrorist financing regimes.