Circular No. 61 Wages of Palestinians Working Inside the Green Line

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PALESTINE MONETARY AUTHORITY

Circular No. (61/2023)
To all banks operating in Palestine
Date: Tuesday, March 07, 2023

Subject: Wages of Palestinian Workers Inside the Green Line

Further to our Circular No. (2022/193), and with the Palestine Monetary Authority's commitment to safeguarding workers' rights and expediting the posting of wages and transfers to their bank accounts, the Authority emphasizes the necessity to comply with the following:

1. Opening bank accounts for Gaza Strip workers employed inside the Green Line at the bank's main branch.
2. Providing workers with their bank account details in English, including (customer name, ID number, bank name, branch code, account number, IBAN).
3. Reminding workers to review their employers' (hiring entities) verification of the accuracy of their bank account details as mentioned above, and urging them to continue transferring full wages via bank accounts.
4. Posting transfers to workers' accounts without delay, and following up on pending transfers as soon as possible.
5. Activating dormant and automatically closed accounts for the purpose of posting workers' wage transfers.
6. Creating a special classification for workers inside the Green Line in the banking systems.
7. Preparing the banking system to extract statistics related to workers' accounts and wages, and providing them to our Anti-Money Laundering and Counter-Terrorist Financing Department on a monthly and/or upon request basis according to the attached statements.

Supervision Group
Palestine Monetary Authority

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Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825713 | Fax: +970 8 2844487

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Customer Name	ID Number	Account Number	Account Status	Branch	Governorate	Incoming Transfer Value During the Month (NIS)
			Active/Dormant			Each transfer must be provided separately if the person receives more than one transfer

1 Does not include the number of pending transfers 2 Does not include the values of pending transfers

Branch	Governorate	Number of Workers' Accounts Opened at the Bank (Cumulative)	Number of Accounts That Received Financial Transfers During the Month	Number of Incoming Transfers During the Month 1	Total Value of Incoming Transfers During the Month (NIS) 2	Total Number of Pending Transfers (NIS)	Total Value of Pending Transfers (NIS)