Regulatory Alerts2025-01-01
Circular No. 62/2025: Freezing Bank Accounts of Beitna Association for Community Development and Social Development
The Palestine Monetary Authority issued Circular No. 62/2025 instructing all banks operating in Palestine to immediately freeze all bank accounts belonging to the Beitna Association for Community Development and Social Development. This directive follows a formal request from the Ministry of Interior's General Administration of Non-Governmental Organizations and Public Affairs to suspend the association's financial activities until it rectifies its status and provides a newly approved board of directors. The order mandates immediate execution by the banking sector to ensure compliance with regulatory oversight requirements.
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