Regulatory Alerts2026-01-01
Guidelines for Anti-Money Laundering and Counter-Terrorist Financing Procedures for Banks
Issued by the Palestinian Monetary Authority in 2017, this guideline establishes comprehensive anti-money laundering and counter-terrorist financing requirements for all licensed banks in Palestine. It mandates the implementation of risk-based internal policies, automated monitoring systems, and enhanced due diligence procedures tailored to specific products, distribution channels, customer profiles, and geographic risks. The document further empowers the supervisory authority to enforce compliance through targeted sanctions while aligning domestic banking operations with international Financial Action Task Force standards and UN Security Council resolutions.
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