Regulatory Alerts2017-01-01
Circular No. 9: Financial Transfers between Banks Operating in Palestine Regarding Non-Profit Companies
The Palestine Monetary Authority issued Circular No. 9 on January 12, 2017, directing all Palestinian banks to implement the Company Controller’s January 10, 2017 guidelines governing financial transfers for non-profit companies. This directive formally circulates the Controller’s correspondence to ensure strict regulatory compliance and standardized oversight of non-profit corporate transactions. Financial institutions must immediately apply these transfer protocols to maintain alignment with national corporate supervision requirements.
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