Regulatory Alerts2019-01-01
Palestine Monetary Authority Circular No. 199/2019: Specialized Professional Certifications
The Palestine Monetary Authority issued Circular No. 199/2019 to update the annex of approved specialized professional certifications for banking personnel. Banks must coordinate with the Palestinian Banking Institute regarding listed credentials or requests for additional certifications, which are mapped to specific operational roles such as risk management, internal audit, compliance, treasury, finance, and Sharia supervision. The directive mandates that key personnel and supervisors in these functions hold recognized qualifications from accredited international bodies to ensure regulatory compliance and operational competence.
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