Regulatory Alerts2008-01-01
Circular No. 116: Credit Inquiry by Employees for Themselves and Related Parties
The Palestine Monetary Authority issued Circular No. 116 to prohibit banking sector employees and automated credit information system users from conducting unauthorized credit inquiries into their own financial records or those of relatives and friends. The directive classifies such unauthorized checks as legal violations and reinforces compliance with international best practices for proper system usage. Additionally, the Authority requires all users experiencing technical difficulties with the service website to promptly submit a completed technical service request form via the designated fax number.
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