Regulatory Alerts2011-01-01
Circular No. 104 Theft and Forgery of Check Documents
The Palestine Monetary Authority issued Circular No. 104 (2011) directing all Palestinian banks to strictly enforce precautionary measures from Circular No. 2007/120 concerning the external printing of check books. Financial institutions must implement rigorous verification protocols to authenticate check documents, validate all recorded data, and confirm signature legitimacy before processing any withdrawals. This mandatory directive addresses recent intelligence and media reports regarding a suspect network actively stealing and forging checks from local banks.
Share