Regulatory Alerts2016-01-01
Circular No. 77 Bank Accounts of the Lawyers Syndicate
The Palestine Monetary Authority issued Circular No. 2016/74 to instruct all operating banks to exempt the Palestinian Lawyers Syndicate from the signatory authorization requirements stipulated in Circular No. 2016/63. This exemption is granted at the request of the Ministry of Labor, recognizing that the Lawyers Syndicate operates under a separate special law and falls outside the ministry's regulatory jurisdiction. Banks are directed to implement this exemption immediately and adjust their account management procedures accordingly.
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