Regulatory Alerts2025-01-01
Palestine Monetary Authority Notice No. 44 on Settlements Regarding Bounced Checks
The Palestine Monetary Authority issued Notice No. 44 to establish a settlement framework for bounced checks under the Bounced Checks Law. The notice mandates that financial institutions must submit a list of bounced checks to the Authority within 20 days of issuance. Institutions are required to finalize these settlements by August 31, 2025, to ensure regulatory compliance.
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