Regulatory Alerts2019-01-01
Circular No. 87: Solicitation of Bank Customers
The Palestine Monetary Authority issued Circular No. 87/2019 to prohibit bank employees from soliciting customers from other financial institutions they previously served. This directive mandates all licensed banks to immediately instruct their staff to cease such practices, thereby upholding sound banking standards, ensuring fair competition, and safeguarding customer data confidentiality. Compliance is strictly required to maintain public trust and integrity within the Palestinian banking sector.
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