Regulatory Alerts2026-02-19
Added
Circular No. 8 High-Risk Countries and Countries Under Enhanced Monitoring
The Palestine Monetary Authority requires financial institutions and designated non-financial businesses and professions to implement enhanced due diligence and counter-measures regarding North Korea, Iran, and Myanmar, and to consider deficiencies in the AML/CFT systems of countries on the enhanced monitoring list during self-assessments. The Financial Follow-Up Unit's Decision No. (2026/1) updates the enhanced monitoring list by adding Kuwait and Papua New Guinea, bringing the total to 22 countries, and mandates compliance with these measures effective upon issuance.