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2024-08-04

Added · Updated

Circular No. 70: Banking Transactions with Charitable Societies

The Palestine Monetary Authority issued Circular No. 70/2024 to address recent unsubstantiated complaints regarding banking services provided to charitable societies. The directive mandates that all operating banks strictly comply with Circular No. 2020/128 when opening accounts and delivering financial services to non-profit organizations. This requirement standardizes regulatory oversight and ensures justified banking practices toward charitable entities.

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Palestine

Palestine Monetary Authority

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