Palestine Monetary Authority

Palestinian Monetary Authority

Circular No. (57)

To all banks operating in Palestine
Date: Monday, March 27, 2006

Subject: Providing Data to Any Entity Other Than the Monetary Authority

We emphasize that the Monetary Authority is the sole entity authorized to communicate with banks and access their data and customer data, in accordance with its statutory powers. In this context, we refer to Article 43 of Banking Law No. (2) of 2002, which prohibits any bank, under legal liability, from providing any information or data, whether statistical or aggregated, except for what is properly published in newspapers and on websites, or data concerning customers, their accounts, debts, or personal information, to any entity whatsoever, or allowing third parties to access it, unless such access is granted with the customer's written consent or pursuant to a court order.

---

Banking Supervision Department
Palestinian Monetary Authority

---

Ramallah - Al Bireh P.O. Box 452, Tel: 02 240 9920, Fax: 02 240 9922 Gaza P.O. Box 4026, Tel: 08 282 5713, Fax: 08 2844487 E-mail: info@pma.gov.ps www.pma-palestine.org

Ramallah - Al Bireh P.O. Box 452, Tel: 02 240 9920, Fax: 02 240 9922 Gaza P.O. Box 4026, Tel: 08 282 5713, Fax: 08 2844487