Regulatory Alerts2025-01-01
Circular No. 129/2025: Supervision of Bank Staff Access to Customer Accounts
The Palestine Monetary Authority issued Circular No. 129/2025 to strengthen supervision over bank staff access to customer account data and safe deposit boxes. The directive mandates banks to enhance compliance culture, implement strict data confidentiality procedures, and establish monitoring mechanisms with periodic reports on access purposes. Additionally, banks are required to enforce administrative, disciplinary, and legal measures against any staff members found violating these access protocols.
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