Regulatory Alerts2021-01-01
Circular No. 160/2021: Citing PMA Instructions and Decisions
The Palestine Monetary Authority issued Circular No. 160/2021 to mandate that all specialized lending institutions and their staff strictly adhere to professional and transparent standards when interacting with customers. The directive explicitly prohibits lending institutions from citing PMA instructions or decisions as justification for refusing to establish business relationships or provide financial services. The regulator further warned that it will enforce appropriate and deterrent penalties against any institution or employee found violating this requirement.
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