Regulatory Alerts2008-01-01
Circular No. 31: Connection with Security Agencies
The Palestine Monetary Authority mandates that all banks operating in Palestine must execute formal legal contracts with the General Police Directorate prior to connecting their alarm systems to police security networks. This directive addresses a January 16, 2008 communication from the General Police Directorate regarding unauthorized alarm linkages established without proper legal agreements. Banks are required to immediately formalize these arrangements for all administrative offices, branches, and affiliated locations to ensure regulatory compliance.
Palestine Monetary Authority
Palestine Monetary Authority
Circular No. 31 (2008/31)
To all banks operating in Palestine
Date: Monday, February 25, 2008
Subject: Connection with Security Agencies
With reference to the above subject, and based on a letter from the Security Management Department / General Police Directorate dated 2008/01/16 regarding banks connecting alarm systems without legal contracts with the Directorate, all banks are requested to conclude legal contracts with the General Police Directorate to connect alarm systems in bank administrations, branches, and affiliated offices.
[Signature: Dr. Ruqaya Al-Mustafa
Palestine Monetary Authority]
Copy: Gentlemen, Security Management Department / General Police Directorate
Ramallah - Al Bireh P.O.Box 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps
Ramallah - Al-Bireh P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487
www.pma.ps