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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[Palestine Monetary Authority Logo]
Palestine Monetary Authority
Circular No. (62/2025) To all banks operating in Palestine Date: Monday, June 23, 2025
Subject: Beitna Association for Community Development and Social Development
Attached is a copy of the letter from Mr. Ishtar Hilana - Director General of the General Administration of Non-Governmental Organizations and Public Affairs at the Ministry of Interior, No. (6210), regarding the request to freeze all bank accounts belonging to the Beitna Association for Community Development and Social Development, registered with the Ministry under Number (7284), until the Association rectifies its status in accordance with regulations.
Accordingly, immediate implementation measures are requested.
Supervisory Group Palestine Monetary Authority
Copy: Honorable Ministry of Interior.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps
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[State of Palestine Logo] State Of Palestine Ministry Of Interior State of Palestine Ministry of Interior
[Jerusalem Logo] al QUDS
State of Palestine Ministry of Interior 18-06-2025 Ministry Diwan Issued: [Signature]
Dear Mr. Mohammad Munassarah, Deputy Governor of the Palestine Monetary Authority
Greetings,
Subject: Beitna Association for Community Development and Social Development - 7284/Gaza
The General Administration of Non-Governmental Organizations and Public Affairs extends its warmest greetings. With reference to the above subject, please proceed to freeze all bank accounts of the aforementioned Association, pending our provision of approval for a new board of directors for the Association, after the Association has rectified its status.
Accept our highest regards,
[Signature] Ishtar Hilana Director General of the General Administration of Non-Governmental Organizations and Public Affairs
Copy: - S + W Copy: - The Diwan. [Signature]
[Stamp: State of Palestine - Ministry of Interior - General Administration of Non-Governmental Organizations and Public Affairs]