Regulatory Alerts2021-01-01
Circular No. 145: Inspection and Testing of Alarm and Security Devices
The Palestine Monetary Authority, referencing a letter from the General Directorate of the Police, mandates that all banks operating in Palestine must fully coordinate with local police directorates before conducting any inspections or tests on branch and ATM alarm and security systems. This requirement addresses recent uncoordinated testing by banks in the Bethlehem Governorate, which triggered unnecessary police dispatches and caused operational disruptions. The circular explicitly instructs banks to establish prior coordination protocols to ensure security testing does not compromise emergency response efficiency or public safety.
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