Regulatory Alerts2022-01-01
Circular No. 260/2022 Social Media Pages
The Palestine Monetary Authority issued Circular No. 260/2022 requiring all licensed money exchange companies operating in Palestine to verify their official social media pages with a blue checkmark by the end of 2022. The circular mandates these companies to regularly educate the public about their official channels and financial services while warning against fraudulent impersonation pages that steal personal data or solicit unauthorized transactions. Additionally, firms must pursue legal action against impersonators by reporting them to the Public Prosecution's Cybercrime Unit and notifying the Authority's Anti-Money Laundering and Counter-Terrorist Financing Department.
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