Regulatory Alerts2011-01-01
Circular No. 131 Financial Authorization for Popular Committees in Camps
The Palestine Monetary Authority directs all banks operating in Palestine to recognize the Refugees Affairs Department as the sole authorized entity for approving accounts, signatories, amendments, and dissolution of Popular Committees in refugee camps. This directive aligns with official correspondence from May and July 2011 and the attached amended internal regulations governing these committees. Banks must strictly adhere to this authorization framework for all related financial and administrative operations.
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