Palestine Monetary Authority

Palestine Monetary Authority

Circular No. (2011/34)
To all banks operating in Palestine
Date: Wednesday, March 02, 2011

Subject: Authorization for Inquiry and Disclosure

In preparation for launching the unified inquiry service on the Palestine Monetary Authority's website, allowing citizens to inquire about the credit rating status (only) of customers who issue checks, this service requires comprehensive legal coverage to safeguard information confidentiality and prevent disclosure except within the legal framework.

Accordingly, all banks are directed to review the files of customers who have been issued checkbooks and verify that they have provided an authorization for inquiry and disclosure. If such authorization is not on file, the bank must obtain it or immediately suspend dealings with the customer until it is secured.

Through this circular, the Palestine Monetary Authority reiterates to banks the necessity of securing this authorization and grants them adequate time to review customer files and take the required actions to complete them, pending the official launch of the service in the coming months.

---

Supervision and Inspection Department
Palestine Monetary Authority

---

Ramallah - Al Bireh P.O.Box 452 - Tel: 02-2409920 - Fax: 02-2409922 Gaza - P.O.Box 4026 - Tel: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps www.pma.ps Ramallah - Al Bireh: P.O. Box 452 - Tel: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel: 08-2825713 - Fax: 08-2844487