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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Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (121 / 2022) To all banks operating in Palestine Date: Wednesday, June 01, 2022
Subject: Automated Monthly Data / Palestine Deposit Insurance Corporation
In order to provide the Palestine Deposit Insurance Corporation with error-free automated monthly data, banks are required to establish mechanisms and take all necessary measures to ensure the resolution of technical issues and the accurate submission of automated monthly data to the Corporation. Continuous communication with the Palestine Deposit Insurance Corporation is mandatory, and each bank will be monitored individually in case of non-compliance, with enforcement actions taken in accordance with relevant laws and regulations.
Supervisory Group Palestine Monetary Authority