Regulatory Alerts2022-01-01
Decree No. (14) of 2022 Concerning the Implementation of Security Council Resolutions
The President of the State of Palestine and President of the Executive Committee of the PLO issued Decree No. 14 of 2022 to establish the Committee for the Implementation of International Security Council Resolutions and mandate its authority to enforce UN Security Council sanctions related to terrorism and proliferation financing. The decree defines key legal terms, outlines the committee's composition and powers, and establishes procedures for listing, delisting, and freezing assets of designated persons and entities in compliance with relevant UN resolutions. It further requires financial institutions, non-financial businesses and professions, and relevant authorities to promptly implement asset freezes, report information, and adhere to standardized listing criteria and notification protocols.