Regulatory Alerts2015-01-01
Circular No. 12: Declaration of Borrower Status for Palestine Monetary Authority Employees
The Palestine Monetary Authority issued Circular No. 12/2015 requiring all banks operating in Palestine to adopt code (4000) for classifying its employees in the Sijili credit information and Nesham re-lending network systems. Banks must immediately update their records to reflect this designation, which aligns with existing private sector employee coding guidelines. This classification change applies exclusively to data reporting within these two specified regulatory systems.
Share