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.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. 93/2025
To all banks operating in Palestine
Date: Tuesday, August 12, 2025
Subject: Customer Deposits (CD) Disclosure on the Automated Supervision System (SupTech)
With reference to the subject above, banks are permitted to encrypt data related to the customer's name and customer account number in the Customer Deposits disclosure within the monthly report on the Automated Supervision System (SupTech), while continuing to provide us with the identification number / registration number in the aforementioned disclosure. We emphasize the necessity of complying with the submission of reports on the Automated Supervision System according to the specified deadlines.
Supervision Group
Palestine Monetary Authority
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 - Ramallah and Al-Bireh Governorate - Palestine P.O. Box
info@pma.ps | Fax: +970 2 2415310 | Fax | Tel: +970 2 2415251 | Phone | Postal code: P6160675 | Postal Code