Regulatory Alerts2011-01-01
Circular No. 124: International Committee of the Red Cross Agencies
The Palestine Monetary Authority requires all Palestinian banks to accept International Committee of the Red Cross (ICRC) agencies for prisoners, contingent upon the banks facing no legal restrictions. Financial institutions must verify that each power of attorney is certified by the Palestinian Supreme Judicial Council, clearly legible, unaltered, and limited to a specific scope rather than granting general authority. Furthermore, the documents must explicitly and clearly state the full names and national identification numbers of both the prisoner-principal and the designated agent.
Share