Regulatory Alerts2025-01-01
Circular No. 2025/174: Palestine Monetary Authority Directive on Al-Qimmah Charity Association
The Palestine Monetary Authority issued Circular No. 2025/174 instructing all banks operating in Palestine to reactivate the bank accounts of the Al-Qimmah Charity Association (BL-3513-C). This directive follows the Ministry of Interior's confirmation that the association has regularized its status and approved its newly elected board of directors. Banks are required to implement these measures immediately to ensure the association can operate legally.
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