Regulatory Alerts2022-01-01
Circular No. 311 Certification of Credit Reports
The Palestine Monetary Authority mandates that all banks operating in Palestine must properly stamp credit reports and returned checks issued from the credit reporting system directly at branch locations, in strict compliance with Article 4 of Circular No. (2017/03). This directive addresses the non-compliant practice of issuing unstamped documents, which previously forced customers to visit the Authority’s headquarters for official certification. The regulator explicitly warns that any bank failing to adhere to these stamping requirements will face immediate legal enforcement actions.
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