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.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (9 / 2017)
To all banks operating in Palestine
Date: Thursday, January 12, 2017
Subject: Financial Transfers between Banks Operating in Palestine Regarding Non-Profit Companies
With reference to the above subject, please find attached a letter from the Company Controller dated 2017/01/10 regarding financial transfers between banks operating in Palestine for non-profit companies.
Supervision and Inspection Department
Palestine Monetary Authority
Copy to: Mr. Dr. Hatem Sarhan, Respected Company Controller.
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922
Gaza - Palestine PO Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487
Email: info@pma.ps
www.pma.ps
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922
Gaza - Palestine PO Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487
Email: info@pma.ps