Regulatory Alerts2024-01-01
Circular No. 11 Automated Supervision System SupTech - Money Changers - 2024
The Palestine Monetary Authority issued Circular No. 11/2024 to mandate the implementation of the automated supervision system (SupTech) for money changers. The directive requires money changers to coordinate with their accounting system providers to ensure financial data reports are accurately reflected in the new regulatory framework. This measure aims to finalize the readiness of financial reports and data for the money changing sector in compliance with new regulatory models.
Share