Regulatory Alerts2022-01-01
Circular No. 40 - Letter of His Excellency the Minister of Finance - Retirees
The Palestine Monetary Authority issued Circular No. 40/2022 to circulate a Ministry of Finance letter confirming that the government-managed retirees file operates under the identical terms and conditions as the General Pension Law. The Ministry of Finance directly disburses pension payments to beneficiaries, thereby standardizing administrative procedures across financial institutions. Banks operating in Palestine are formally notified to acknowledge this arrangement and align their regulatory compliance accordingly.
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