Regulatory Alerts2025-02-27
Added · Updated
Circular No. 4/2025: High-Risk Jurisdictions and Jurisdictions Under Increased Monitoring
The Palestine Monetary Authority issued Circular No. 4/2025 to require all specialized lending institutions to implement Decision No. 2025/1 of the Financial Follow-Up Unit regarding updated FATF lists of high-risk and increased monitoring jurisdictions. The directive mandates the application of enhanced due diligence and risk-based approaches for transactions involving countries on the grey list, such as the newly added Laos and Nepal, while enforcing targeted financial sanctions against black-listed North Korea. Institutions are further instructed to consider specific AML/CFT deficiencies outlined in FATF assessment reports when conducting their own risk self-assessments and implementing corrective action plans.