Lending-2023- Circular No. 34 Guideline on Reporting Suspicious Transactions and Activities

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Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY

Circular No. (34 / 2023)
To all lending institutions operating in Palestine Date: Wednesday, 08 February, 2023

Subject: Guideline on Reporting Suspicious Transactions and Activities

Attached is the Guideline on Reporting Suspicious Transactions and Activities. Accordingly, the necessary measures are requested to be taken regarding this matter to improve the quality of reporting to the esteemed Financial Monitoring Unit, and to work on the following:

1. Informing and training relevant employees on suspicion indicators and internal reporting requirements.
2. Enhancing the monitoring of suspicious activities and transactions using specific indicators and scenarios.

Supervisory Group
Palestine Monetary Authority

Copy: To the esteemed Financial Monitoring Unit

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