Regulatory Alerts2025-01-01
Circular No. 93/2025: Customer Deposits Disclosure on the SupTech System
The Palestine Monetary Authority issued Circular No. 93/2025 to authorize banks operating in Palestine to encrypt customer names and account numbers in their monthly Customer Deposits disclosures submitted via the SupTech system. The directive mandates that banks must continue to provide customer identification or registration numbers within these reports and strictly adhere to the established submission deadlines. This measure balances data privacy with the regulator's need for specific identification data through the automated supervision framework.
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