Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (123 / 2017)

To all Money Exchange Offices / Companies Operating in Palestine

Date: Wednesday, June 14, 2017

Subject: Publication of Measures and Sanctions on the Palestine Monetary Authority Website

Pursuant to the provisions of Article (44) of Legislative Decree No. (20) of 2015 concerning the prevention of money laundering and terrorist financing regarding the penalty for violating the provisions of the Legislative Decree, we wish to inform you that the Palestine Monetary Authority will, effective from this date, publish a list on its official website detailing the measures and sanctions imposed on any money exchange office/company or its employees resulting from violations of the requirements of the Anti-Money Laundering and Counter-Terrorist Financing Law or any regulations or directives issued thereunder.

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Supervision and Inspection Department
Palestine Monetary Authority

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