Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (19/2015)
To all banks operating in Palestine
Date: Thursday, October 1, 2015

Subject: Language of Official Documents Required for Account Opening/Updating

Further to Instructions No. (2009/08) dated 2009/12/24 regarding account opening and closing, dormant accounts, banking secrecy, transfers, and trust deeds, particularly Item No. (2/1/8) thereof concerning the official documents required for account opening, all banks operating in Palestine are requested, when conducting account opening/updating processes especially for companies, institutions, and entities, to ensure that the language of all official documents required for account opening/updating is Arabic, and in case this is not feasible, an official Arabic translation must be provided, effective from this date.

Deputy Governor
for Financial Stability Affairs

Supervision and Inspection Department

www.pma.ps

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Issued under

Instructions No. 8 of 2009 on the Opening and Closing of Accounts, Dormant Accounts, and Banking Secrecy2009 · PMA
“Further to Instructions No. (2009/08) dated 2009/12/24 regarding account opening and closing, dormant accounts, banking secrecy, transfers, and trust deeds, particularly Item No. (2/1/8) thereof concerning the official documents required f…”