Regulatory Alerts2021-01-01
Circular No. 161: Prohibition on Citing PMA Directives and Decisions as Excuses
The Palestine Monetary Authority issued Circular No. 161/2021 to mandate that all payment service companies and their staff strictly adhere to professional and transparent standards when interacting with customers. The directive explicitly prohibits these entities from citing PMA regulations or decisions as justification for refusing to establish business relationships or provide financial services. The Authority further warns that any violations will be met with strict and deterrent penalties.
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