Palestine Monetary Authority

Palestine Monetary Authority

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Instructions No. (2012/09)
To all banks operating in Palestine
Date: Tuesday, August 14, 2012

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Subject: Opening Accounts for Charitable, Cooperative, and Civil Society Organizations

With reference to the above subject, we hereby inform you of the cancellation of Paragraph (3) of Instructions No. (2012/08) dated 08/08/2012 and its amendment to read as follows:

"Compliance with the general requirements for account opening by obtaining sufficient information, data, and documents to meet the 'Know Your Customer' rule requirements when opening an account or upon any change in the legal status of the association, and compliance with the requirements of Paragraph (7/1/8) of Instructions No. (2009/8) regarding the updating of customer account data based on official records, documents, and data held by the Ministry of Interior or the competent authority according to the prevailing law."

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Supervision and Inspection Department
Palestine Monetary Authority

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Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps
www.pma.ps

Ramallah - Al Bireh P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487