Regulatory Alerts2023-01-01
Lending-2023 – Circular No. 35, Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022
The Palestine Monetary Authority issued Circular No. 35 (2023) to mandate immediate implementation and policy updates for all lending institutions operating in Palestine under the newly adopted Anti-Money Laundering and Counter-Terrorist Financing Instructions No. 4 of 2022. The circular requires financial entities to align their internal policies and operational procedures with the attached instructions, which were published in Official Gazette No. 198 by the National Committee for Anti-Money Laundering and Counter-Terrorist Financing. Furthermore, it formally repeals all prior instructions issued by the same committee in accordance with Article 38 of the new framework.
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