Regulatory Alerts2025-01-01
Palestine Monetary Authority Circular No. 108: Bank Accounts of Sports Clubs
The Palestine Monetary Authority issued Circular No. 108 to regulate the establishment and management of bank accounts for sports clubs in Palestine. The directive mandates that all sports clubs must open and maintain their financial accounts exclusively with licensed financial institutions under the Authority's supervision. This regulation aims to ensure transparency, proper financial governance, and compliance with anti-money laundering standards within the sports sector.
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