Regulatory Alerts2023-01-01
Palestine Monetary Authority Circular No. 94: Security and Safety Requirements
The Palestine Monetary Authority issued Circular No. 94/2023 to mandate full compliance with existing security and safety instructions following a rise in branch, office, and ATM robberies. Banks must implement enhanced protection measures, classify their premises according to risk exposure, and submit a detailed report of these actions within five working days. The directive explicitly references Instructions No. (2021/22) and Circular No. (2020/25), requiring institutions to apply lessons from past incidents to fortify operational sites.
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