Regulatory Alerts2022-01-01
Instructions No. 1 of 2022 Regarding Cameras, Communication Mechanisms, and Employees
The Palestine Monetary Authority issued Instructions No. 1 of 2022 to regulate surveillance cameras, official communication channels, and employee data for licensed money changers. The directive mandates that cameras cover all premises including cash handling areas, retain footage for at least 30 days, and be reported if offline for more than a day, while requiring all official correspondence to occur via approved express mail, fax, or email. Additionally, money changers must submit comprehensive employee records and report any personnel changes immediately, with non-compliance subject to penalties under Decision No. 41 of 2016 and the repeal of two prior circulars.
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