Regulatory Alerts2023-02-08
Added · Updated
Circular No. 37/2023 – Money Changers: Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022
The Palestine Monetary Authority issued Circular No. 37/2023 to direct all money changers operating in Palestine to immediately implement and align their operational policies with the Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022. This directive mandates compliance with the regulations published in Official Gazette No. 198 and formally repeals all preceding instructions issued by the National Committee for Anti-Money Laundering and Counter-Terrorist Financing under Article 38. Financial follow-up units must ensure strict enforcement of these updated regulatory standards across all licensed money exchange institutions.