Regulatory Alerts2024-01-01
Circular No. 9/2024: Warning Against Dealing with Unlicensed Money Changers
The Palestine Monetary Authority (PMA) issued Circular No. 9/2024, warning all licensed money changers in Palestine against dealing with any person or entity practicing money changing without a valid PMA license. This warning is based on Article (3) of Decree-Law No. (40) of 2022, and the PMA emphasizes that it will impose the strictest penalties, including license reconsideration, on violators. Money changers are advised to consult the PMA's online directory to verify licensed money changing shops and companies.
Share