Regulatory Alerts2018-01-01
Circular No. 128 Temporary Suspension of Electronic Banking Services
The Palestine Monetary Authority requires all Palestinian banks to notify the regulator at least three business days before suspending automated systems, including core banking, ATMs, and digital channels, for planned updates. Banks must additionally inform the public and customers via branch notices, websites, social media, and SMS alerts at least one business day prior to the outage. These mandatory advance-notice protocols are designed to protect consumer rights and ensure adequate preparation for temporary electronic banking disruptions.
Share