Regulatory Alerts2021-01-01
Circular No. 2021/123 Bank Commitment Certificate / Discharge Certificate
The Palestine Monetary Authority issued Circular No. 2021/123 to mandate strict compliance with Circular No. 2013/88 regarding the immediate issuance of Bank Commitment Certificates and Discharge Certificates to customers upon request. This directive addresses widespread customer complaints concerning delays by bank branches and explicitly reaffirms that all operating banks must adhere to the established procedural requirements. Failure to comply will trigger formal legal enforcement measures in accordance with regulatory protocols.
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