Regulatory Alerts2021-01-01
Circular No. 2021/86 Addressing and Postal Coding in Palestine
The Palestine Monetary Authority, referencing the Ministry of Telecom & Information Technology, mandates all Palestinian banks to add a dedicated postal code field to customer and employee records. This requirement aims to improve postal service efficiency and citizens' quality of life by ensuring accurate address data is captured in all banking forms and requests. Financial institutions must utilize the official government postcode portal and mobile location tools to verify and store these codes in their primary systems.
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