Regulatory Alerts2026-02-19
Added
Circular No. 9/2026 on Quick Financial Transfers
The Palestine Monetary Authority requires money exchange companies operating in Palestine to monitor and refund pending quick financial transfers to the sender if the beneficiary fails to collect them within the agreed timeframe. Exchange companies must implement mechanisms to manage these pending transactions across all levels, perform financial reconciliations according to agreements, and verify transaction parties against sanctions and watchlists before execution. These obligations apply to all money exchange companies and their agents operating in Palestine.