Regulatory Alerts2022-01-01
Circular No. 121 Automated Monthly Data - Palestine Deposit Insurance Corporation
The Palestine Monetary Authority mandates all banks operating in Palestine to implement mechanisms and procedures that guarantee the accurate, error-free submission of automated monthly data to the Palestine Deposit Insurance Corporation. Banks must proactively resolve technical issues and maintain continuous communication with the Corporation regarding data reporting. Non-compliance will result in individual bank monitoring and enforcement actions in accordance with applicable laws and regulations.
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