Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (85 / 2020)

To all banks operating in Palestine
Date: Thursday, March 26, 2020

Subject: Exercise Caution and Vigilance in Emergency Situations

In order to maintain financial stability and mitigate the risks of money laundering and terrorist financing in emergency situations, the Palestine Monetary Authority emphasizes the necessity of taking the following measures:

1. Exercise caution and vigilance to ensure that current conditions are not exploited for money laundering or terrorist financing purposes.

2. Ensure the continuity of staff efforts in combating money laundering and terrorist financing crimes to guarantee full compliance with the anti-money laundering and counter-terrorist financing requirements stipulated under Law Decree No. (20) of 2015 and its issued directives.

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Supervision Group
Palestine Monetary Authority

Copy to: The Esteemed / Financial Follow-up Unit

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