Regulatory Alerts2020-01-01
Circular No. 38 Forgery of Military Salary Vouchers for Obtaining Facilities and Financing
The Palestine Monetary Authority issued Circular No. 38/2020 mandating all Palestinian banks to strictly verify the identity and military rank of security force loan applicants using official military IDs and certified salary vouchers stamped with the original blue payroll seal. This directive addresses a recent surge in forgery cases where officers falsified their ranks to bypass mandatory financial approval and submitted unverified or improperly stamped pay slips. Banks must reject non-compliant applications, report personnel submitting forged documents to competent authorities, and face legal penalties for institutional non-compliance.
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