Regulatory Alerts2020-01-01
Circular No. 84 (2020) Exercise Caution in Emergency Situations
The Palestine Monetary Authority issued Circular No. 84 (2020) to all specialized lending institutions operating in Palestine, mandating strict caution to prevent the exploitation of emergency conditions for money laundering or terrorist financing. The directive requires institutions to maintain uninterrupted anti-money laundering and counter-terrorist financing compliance efforts in accordance with Legislative Decree No. 20 of 2015 and its implementing regulations. Financial monitoring units are copied to ensure oversight and full adherence to these emergency risk mitigation measures.
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