Regulatory Alerts2021-01-01
Circular No. 121 Credit Reporting System
The Palestine Monetary Authority issued Circular No. 121/2021 mandating that all banks operating in Palestine fully comply with Instructions No. 2017/03 regarding the mandatory provision of credit reports to customers. The directive responds to widespread customer complaints alleging that specific bank branches and offices are unlawfully withholding these documents. The regulator explicitly warns that any financial institution failing to adhere to these requirements will face immediate legal enforcement measures.
Share