The Palestine Monetary Authority has inked a $600K pact with DLA Piper to strengthen its relationship with the US Government and American correspondent banks.
PMA compliance with anti-money laundering and economic sanction laws/regulations are other priorities.
DLA Piper will bill $50K per-month during next 12 months, according to the agreement signed by Jihad Alwazir, PMA governor.
Partner Richard Newcomb, who has worked with front-line states and multilateral organizations such as the United Nations and European Union, on compliance with asset controls, embargoes and sanctions leads DLA Piper's four-member team on the PMA business.
Other staffers will assist on the account on an as-needed basis.

Development Counsellors International is working with Economic Development Winnipeg to position that Canadian city as a premier location for business investment.
The Vogel Group is working with the Ukraine Future Business Council to promote an environment to support the growth of small businesses in the war-battered company.
Edelman and rapper Pharrell Williams have launched Mighty Dream as a creative advocacy shop to serve communities of color.
WPP plans to launch an investment promotion campaign to spur economic development in war-ravaged Ukraine.
WPP has partnered with the Black Equity Organisation, which launched May 24, to advance equal opportunity and justice for Black people in the UK.



