Regulatory Alerts2020-01-01
Circular No. 86/2020 - Exercise Caution in Emergency Situations
The Palestine Monetary Authority issued Circular No. 86/2020 to all banks in Palestine, mandating strict vigilance to prevent the exploitation of emergency conditions for money laundering or terrorist financing. The directive requires financial institutions to maintain uninterrupted anti-money laundering and counter-terrorist financing operations to ensure full compliance with Law Decree No. 20 of 2015 and its implementing regulations. This measure aims to safeguard national financial stability and mitigate illicit financial risks during periods of crisis.
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