Regulatory Alerts2011-01-01
Circular No. (195/2011): Sovereign Codes for Foreign Entities
The Palestine Monetary Authority issued Circular No. (195/2011) to update and add sovereign codes for foreign diplomatic missions, consulates, and international organizations operating in Palestine. Banks must review existing facilities and accounts for these entities, update their records using the attached modified code list, and implement the new codes on the Credit Information System website for all financial and personal data declarations effective immediately. This directive supplements prior circulars governing the Credit Information System to ensure accurate identification and reporting of foreign institutional entities.
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