Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (121/2017)

To All Banks Operating in Palestine

Date: Wednesday, 14 June 2017

Subject: Publication of Measures and Penalties Taken on the Authority's Website

Pursuant to the provisions of Article (44) of Law Decree No. (20) of 2015 concerning the combating of money laundering and terrorist financing regarding the penalty for violating the provisions of the Law Decree, we wish to inform you that the Palestine Monetary Authority will, effective from this date, publish a list on its official website detailing the measures and penalties taken against any bank or its employees resulting from violations of the requirements of the Anti-Money Laundering and Counter-Terrorist Financing Law or any regulations or instructions issued thereunder.

Please note that, at present, each bank will be provided with a username and password to access this list.

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Supervision and Inspection Department
Palestine Monetary Authority

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Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 Email: info@pma.ps Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 www.pma.ps