Circular No. 2 on Lifting of Banking Secrecy Decisions

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[Logo of the Palestine Monetary Authority]

Palestine Monetary Authority
Circular No. 2/2025
To all Banks Operating in Palestine
Date: Monday, January 13, 2025

Subject: Decisions on Lifting of Banking Secrecy

A copy of the Attorney General's letter regarding the delay by some banks in responding to decisions on lifting banking secrecy, sent through the Corruption Crimes Prosecution Office, is enclosed. Accordingly, the Palestine Monetary Authority emphasizes the necessity of taking necessary measures to ensure a prompt response to requests for lifting banking secrecy, in accordance with the provisions of prevailing legislation in the State of Palestine.

Supervision Department
Palestine Monetary Authority

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Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

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State of Palestine - Public Prosecution - Attorney General Office

Date: January 9, 2025
[Stamp: State of Palestine - Public Prosecution - Attorney General Office - Issued: 58 - Date: 09-01-2025]

His Excellency Yahya Al-Shenar, may God protect him, Governor of the Palestine Monetary Authority,

Greetings and regards,

Subject: Decisions on Lifting of Banking Secrecy

The Public Prosecution extends its best regards, With reference to the letter received from the Head of the Corruption Crimes Prosecution Office dated January 6, 2025, regarding the delay by banks operating in Palestine in responding to decisions on lifting banking secrecy as communicated by the Corruption Crimes Prosecution Office, which causes obstruction and delay in investigation procedures for files related to these decisions, and accordingly, for the smooth progress of investigations, we request your good office to instruct the relevant parties to issue a circular to all banks operating in Palestine to respond promptly to correspondence regarding requests for lifting banking secrecy, enabling the Public Prosecution to take the necessary legal action accordingly.

With highest regards,
Attorney General
Advisor Akram Al-Khatib
[Signature]
[Stamp: State of Palestine - Public Prosecution - Attorney General Office - Ramallah]

• Copy: Corruption Crimes Prosecution Office.
• Copy: Special File.

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