Regulatory Alerts2018-06-07
Added · Updated
Circular No. 122: Final Deadline for Printing Checks with New Specifications
The Palestine Monetary Authority issued Circular No. 122 to establish a final compliance deadline for banks to print checks meeting updated security and technical specifications. The directive grants banks a final extension until June 30, 2018, to submit a final sample of compliant check papers for regulatory approval. Any checks printed after this deadline that fail to meet the mandated specifications are strictly prohibited, and non-compliance will trigger enforcement actions under applicable laws and regulations.
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