Regulatory Alerts2019-01-01
Circular No. 108 Transfer of Funds, Precious Metals, and Valuable Documents
The Palestine Monetary Authority mandates that all banks operating in Palestine strictly adhere to Instructions No. (2016/09) governing the transfer of funds, precious metals, and valuable documents. This directive reinforces security protocols by specifying mandatory conditions for banks conducting their own transfers or utilizing unarmored vehicles. The requirement aims to eliminate operational risks and safeguard the integrity of the Palestinian banking sector.
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