Regulatory Alerts2020-01-01
Circular No. 25 Security and Safety Requirements
The Palestine Monetary Authority issued Circular No. 25/2020 mandating all Palestinian banks to immediately strengthen security, protection, and safety protocols for branches, offices, and ATMs following a rise in robbery and theft incidents. Banks are required to continuously verify compliance with existing security instructions, monitor teller cash limits against insurance coverage, enhance main safe and cash transport security, and maintain tested emergency links with police and civil defense. Additionally, the directive mandates deploying security guards at high-risk locations, prioritizing staff and public safety, and strictly adhering to recent operational risk and ATM security amendment guidelines.
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