RegAlert

Rule · PMA · 30 May 2012

Circular No. 82 Regulating the Disbursement of Remittances to Beneficiaries

payments

The Palestine Monetary Authority issued Circular No. 82 to amend its July 2007 remittance disbursement regulations by repealing Item 2 and mandating that banks process remittance payouts strictly according to the beneficiary's entitlement date. The directive places the responsibility on each operating bank to verify the authenticity and compliance of all executed financial transactions in accordance with established regulatory procedures. This update standardizes disbursement timelines and strengthens transaction verification protocols across all Palestinian financial institutions.

PalestinePalestine Monetary Authority

Palestine Monetary Authority

Circular No. (82/2012)

To all banks operating in Palestine

Date: Wednesday, May 30, 2012

Subject: Regulating the Disbursement of Remittances to Beneficiaries

In continuation of the Palestine Monetary Authority Circular No. (15/M/M/2007) issued on July 23, 2007, regarding the regulation and disbursement of remittances, Item No. (2) is hereby repealed. The disbursement of remittances to beneficiaries shall be processed according to the date of entitlement, and each bank is responsible for verifying the authenticity of executed financial transactions in accordance with established procedures.

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

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M Circular No. 15 dated 2007-07-23Not in RegAlertM Circular No. 15 dated 2007-07-23 — Not in RegAlertCircular No. 82 Regulating theDisbursement of Remittances t…2012-05-30 · this documentCircular No. 82 Regulating the Disbursement of Remittances to Beneficiaries (2012-05-30)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Supersedes
  • M Circular No. 15 dated 2007-07-23Not in RegAlert

    “Item No. (2) is hereby repealed.”

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