Regulatory Alerts2025-01-01
Circular No. 66/2025: Decisions on Dissolution and Cancellation of Registration of Charitable Associations and Civil Society Bodies
The Palestine Monetary Authority issued Circular No. 66/2025 to all banks operating in Palestine, instructing them to take necessary legal measures regarding the dissolution and deregistration of specific charitable associations and civil society bodies in several governorates. The circular mandates that banks provide the Market Discipline Department with a report on the actions taken, including the status of financial centers for the affected accounts, within three working days. This directive implements decisions issued by the Palestinian Ministry of Interior under Laws No. 1 of 2000, targeting entities for non-compliance with annual meetings, financial reporting, and operational activities.
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