Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

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Circular No. (222/2017)
To all banks operating in Palestine
Date: Monday, October 23, 2017

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Subject: Transfer of Funds, Precious Metals, and Valuable Documents

Further to Instructions on the Transfer of Funds, Precious Metals, and Valuable Documents No. (09/2016), we reiterate the necessity of complying with the requirements of the aforementioned instructions, including Item No. (1) of Article (5) regarding the external contractor for transfer operations, which stipulates that "a bank is prohibited from conducting transfer operations with any person who does not hold the necessary license from the security authorities and the competent authority."

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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 2415310 | Phone: +970 2 2415250 | Fax: +970 2 2415310 | Ramallah - Palestine P.O. Box 452 Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Phone: +970 8 2825292 | Fax: +970 8 2844487 | Gaza - Palestine P.O. Box 4026 Email: info@pma.ps | Email: info@pma.ps www.pma.ps