Regulatory Alerts2024-01-01
Circular No. 11 Automated Supervision System (SupTech) – Money Changers – 2024
The Palestine Monetary Authority issued Circular No. 11/2024 to require all money changers in Palestine to implement and integrate their accounting systems with the new Automated Supervision System (SupTech). The directive mandates close coordination between money changers and accounting system providers to ensure financial data reports are accurately and effectively reflected in the platform, following completed readiness tests and established operational arrangements. Full compliance depends on direct system integration that aligns with the newly available supervisory reporting templates.
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