Regulatory Alerts2025-01-01
Circular No. 141/2025: Freezing Bank Accounts of Al-Yafa Youth Center Charitable Association
The Palestine Monetary Authority issued Circular No. 141/2025 to all banks operating in Palestine, instructing them to freeze all bank accounts of the Al-Yafa Youth Center Charitable Association. This directive follows a request from the Ministry of Interior's General Administration of Non-Governmental Organizations and Public Affairs due to the association's need to regularize its status. The freeze remains in effect until the association submits an approved new board of directors to the Ministry.
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