Regulatory AlertsAdded · Updated
Banks - 2024 - Circular No. 27: Final Financial Statements for the Year 2024
The Palestine Monetary Authority requires all money changers operating in Palestine to submit audited final financial statements for the year 2024, along with an external auditor's opinion report stamped by the auditor, financial position and income statements extracted from the Authority's qualified accounting system and stamped by the changer, a letter from the external auditor explaining discrepancies between the system reports and audited statements if any, and an auditor's evaluation of internal controls regarding anti-money laundering and counter-terrorist financing. These submissions must be denominated in US dollars and delivered by March 31, 2025, under penalty of legal action for non-compliance.
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