Regulatory Alerts2026-02-17
Added
Circular No. 7 /2026: Precautionary Measures
The Palestine Monetary Authority requires all money changers operating in Palestine to alert cash and remittance staff to exercise heightened caution and verify identity documents when counterfeit personal ID cards are suspected, including cross-referencing with other official documents. Money changers must also take necessary legal action against forgery and counterfeiting crimes and report any detected cases and subsequent measures to the Authority's Market Discipline Department.
Palestine Monetary Authority
Circular No. (7/2026) To all money changers operating in Palestine Date: Tuesday, 17 February, 2026
Subject: Precautionary Measures
It has been observed recently that some individuals attempted to obtain financial services relying on identity documents that included the use of fake identity cards designed with the same specifications as the identity card, printed and stamped on paper that does not match the approved specifications. Based on the provisions of Decision-Law No. (39) of 2022 concerning the combating of money laundering and the financing of terrorism, the Palestine Monetary Authority urges money changers to ensure the following:
- Alert cash and remittance staff to exercise caution and take appropriate verification measures in case of suspicion of forgery and counterfeiting of personal identity cards; including matching identity data with any other official proof document.
- Take the necessary legal measures regarding forgery and counterfeiting crimes, and inform our Market Discipline Department of any cases that may be detected in the future and the measures taken regarding them.
Supervision Group Palestine Monetary Authority
www.pma.ps Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps