Regulatory Alerts2025-01-01
Circular No. 83/2025: Criminal Method Used in Fraud
The Palestine Monetary Authority issued Circular No. 83/2025 to alert banks to a new electronic fraud scheme where criminals trick Palestinians into handing over their bank cards at sales or charging centers. The Authority mandates that banks educate customers on the risks of surrendering cards to unauthorized persons and the subsequent misuse of funds for external purchases or cash withdrawals. This directive emphasizes the critical need for continuous customer awareness regarding the protection of personal and banking data.
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