Circular No. 36/2023 – Guide for Reporting Suspicious Transactions and Activities

Palestine Monetary Authority

Circular No. (36/2023)
To all Money Changers operating in Palestine Date: Wednesday, 08 February 2023

Subject: The Guide for Reporting Suspicious Transactions and Activities

Attached is the Guide for Reporting Suspicious Transactions and Activities. Accordingly, the necessary measures are requested to be taken regarding this matter; in order to serve improving the quality of reports submitted to the esteemed Financial Monitoring Unit, and to work on the following:

1. Informing and training relevant employees on suspicion indicators and internal reporting requirements.
2. Enhancing the monitoring of suspicious activities and transactions using specific indicators and scenarios.

Supervision Group
Palestine Monetary Authority

Copy to: The esteemed Financial Monitoring Unit

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Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps Gaza - Palestine P.O. Box 4026 Tel: +970 8 2825713 | Fax: +970 8 2844487

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