Regulatory Alerts2022-01-01
Circular No. 236/2022: Website of the Committee for Implementing Security Council Resolutions
The Palestine Monetary Authority issued Circular No. 236/2022 to direct all licensed payment service companies in Palestine to utilize the updated official portal of the Committee for Implementing Security Council Resolutions. The directive mandates immediate compliance with relevant UN Security Council resolutions on counter-terrorism, counter-terrorism financing, and weapons non-proliferation by requiring firms to register on the site, monitor sanctions updates, and cross-reference national and international listing databases. Payment service providers must integrate these resources into their daily operations to ensure full adherence to international sanctions regimes.
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