Regulatory Alerts2022-01-01
Circular No. 292: Bank Accounts of Patriarchates and Christian Churches
The Palestine Monetary Authority issued Circular No. 292/2022 to mandate the official recognition of thirteen specific Christian patriarchates and churches operating in Palestine. The directive requires all licensed banks to adopt the designated heads of these denominations when opening or updating corporate accounts for these religious institutions. This measure operationalizes the 2008 presidential decree by establishing a standardized list of authorized representatives for banking compliance purposes.
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