Regulatory Alerts2026-02-19
Added
Circular No. 22/2026: Quick Financial Transfers
The Palestine Monetary Authority mandates banks to monitor and process pending quick financial transfers back to the sender if the beneficiary fails to collect them within the specified delivery period, requiring documented evidence of such actions. Banks must also implement mechanisms to track and resolve uncollected pending transfers across all levels of the bank and its agents, and must verify transaction parties against sanctions and watchlists before executing transfers on quick transfer systems.