Regulatory Alerts2020-01-01
Instructions No. 02 of 2020 Regarding the Amendment of Instructions No. 6 of 2018 Concerning Security and Safety Requirements for ATMs
The Palestine Monetary Authority issued Instructions No. 02 of 2020 to amend the security and safety requirements for ATMs under its previous 2018 regulations. The updated rules mandate enhanced surveillance measures, including one-year secure recording retention, real-time backup copies for high-risk locations, and cellular-connected cameras with independent power backups for off-site ATM rooms. Additionally, the amendments introduce anti-trapping protections for both bank cards and cash in high-risk zones, require uninterrupted backup power (UPS) for ATM infrastructure, and take immediate effect upon issuance.
Share