Regulatory Alerts2026-02-18
Added · Updated
Decision No. 1 of 2026
The Palestine Monetary Authority and Financial Follow-Up Unit issued Decision No. 1 of 2026 to implement FATF high-risk and enhanced follow-up country lists, requiring financial institutions and designated non-financial businesses to apply risk-based due diligence and targeted sanctions for North Korea, Iran, and Myanmar. The amended grey list adds Kuwait and Papua New Guinea to 20 existing jurisdictions, mandating enhanced self-assessments of AML/CFT deficiencies and proportional countermeasures. All regulated entities must enforce these measures immediately upon circularization, ensuring uninterrupted humanitarian and non-profit transactions while addressing strategic compliance gaps through updated action plans.