Regulatory Alerts2021-01-01
Circular No. 10 Security and Safety Requirements for ATMs
The Palestine Monetary Authority requires all banks operating in Palestine to implement enhanced preventive, precautionary, and monitoring measures for automated teller machines. Banks must strictly comply with existing security and safety directives (Circulars No. 06/2018 and No. 02/2020) across all locations and ATM types to safeguard equipment and surrounding environments. This directive reinforces supervisory controls to mitigate operational risks and ensure comprehensive physical security for cash dispensing infrastructure.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (10 / 2021)
To all banks operating in Palestine
Date: Thursday, January 21, 2021
Subject: Security and Safety Requirements for ATMs
Following our instructions regarding the security and safety requirements for ATMs No. (06) of 2018 and No. (2) of 2020, all banks are required to take all necessary preventive and precautionary measures, enhance monitoring operations, and fully comply with the application of the aforementioned instruction requirements at all locations and for all types of ATMs, thereby ensuring the enhancement of supervisory and preventive measures and controls, and protecting the ATM machine and its surrounding environment.
Supervision Group
Palestine Monetary Authority
Note:
Office Ramallah and Al-Bireh - Palestine P.O. Box 452
info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251
Gaza - Palestine P.O. Box 4026
Fax: +970 8 2844487 | Tel: +970 8 2825713
www.pma.ps