Regulatory Alerts2026-01-01
Added · Updated
Circular No. 77/2026: High-Risk Countries and Countries Under Enhanced Monitoring
The Palestine Monetary Authority issued Circular No. 77/2026 to enforce Financial Follow-Up Unit Decision No. 2026/2, requiring financial institutions to apply enhanced due diligence and risk-based approaches toward high-risk and grey-listed countries. The directive mandates strict prohibitions and countermeasures against North Korea, Iran, and Myanmar, while updating the enhanced monitoring list to include Bosnia and Herzegovina and Iraq and remove Algeria and Namibia. Institutions must integrate these country risk assessments into their self-assessments and adhere to specific action plans outlined in the FATF mutual evaluation reports.