Regulatory Alerts2015-01-01
Circular No. 31 Customer Safe Deposit Boxes
The Palestine Monetary Authority issued Circular No. 41/2015 mandating that all Palestinian banks implement preventive safeguards and access control mechanisms for customer safe deposit boxes. Banks must guarantee that customers can independently open their rented boxes without exposing neighboring units to theft or security risks. These protective measures must function effectively regardless of whether privacy settings are enabled for individual customers.
Share