2024-01-01
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.
Circular No. ( 11 / 2024 )
To all money changers in Palestine Date: Sunday, March 10, 2024
Subject: Automated Supervision System SupTech
In the context of the Automated Supervision System project at the Palestine Monetary Authority, and following meetings, difficulties, and arrangements implemented with accounting system companies dealing with them, and conducting necessary tests to complete the readiness of financial reports and data for the money changing sector and provide them in accordance with the new regulatory models available on the Automated Supervision System, we inform you that the system will be implemented and linked with your accounting systems. Therefore, you are requested to coordinate and cooperate with accounting system companies to effectively reflect the financial data reports of your branch/company on the new system.
Supervision Group Palestine Monetary Authority
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 P.O. Box - Palestine - Ramallah and Al-Bireh info@pma.ps | Fax: +970 2 2415310 | Fax | Tel: +970 2 2415251 | Phone Gaza - Palestine P.O. Box 4026 P.O. Box - Palestine - Gaza Fax: +970 8 2844487 | Fax | Tel: +970 8 2825713 | Phone www.pma.ps