Regulatory Alerts2025-10-28
Added · Updated
Palestine Monetary Authority Circular No. 137/2025: High-Risk and Jurisdictions Under Increased Monitoring
The Palestine Monetary Authority requires all financial institutions and designated non-financial businesses and professions in Palestine to implement enhanced due diligence and targeted financial sanctions regarding high-risk jurisdictions, specifically North Korea, Iran, and Myanmar, as listed in Financial Follow-Up Unit Decision No. 2025/3. The circular updates the list of jurisdictions under increased monitoring by removing South Africa, Nigeria, Mozambique, and Burkina Faso, while mandating that institutions consider identified deficiencies in the AML/CFT systems of the remaining 20 countries during their self-assessment of money laundering and terrorist financing risks. These measures are effective immediately upon the circular's issuance.