Regulatory Alerts2025-01-01
Circular No. 17 – Saeedni Wa Khudh Biyadi Charity Association
The Palestine Monetary Authority, via Circular No. 17/2025 dated February 24, 2025, instructs all Palestinian banks to freeze the bank accounts of Saeedni Wa Khudh Biyadi Charity Association (Registration No. C-3467-BL). This freeze remains in effect until the Association rectifies its regulatory status with the Ministry of Interior and secures official approval for a new Board of Directors and authorized signatories. The directive, supported by an attached letter from the Ministry's General Administration for Non-Governmental Organizations and Public Affairs, mandates immediate compliance to ensure proper governance and operational continuity.
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[Logo of the Palestine Monetary Authority]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. 17/2025 To all Banks Operating in Palestine Date: Monday, February 24, 2025
Subject: Saeedni Wa Khudh Biyadi Charity Association
A copy of the letter from the Director General of the General Administration for Non-Governmental Organizations and Public Affairs at the Ministry of Interior, No. (1914), regarding the freezing of all bank accounts belonging to Saeedni Wa Khudh Biyadi Charity Association, registered with the Ministry under number (C-3467-BL), is attached herein. This is pending the Association's rectification of its status with the Ministry in accordance with regulations and obtaining a new letter approving the authorized signatories. Accordingly, the necessary measures for implementation are requested.
Supervision Department Palestine Monetary Authority
Copy to: The Honorable Ministry of Interior.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps
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[Logo of the State of Palestine] State of Palestine Ministry Of Interior
[Logo of Jerusalem]
State of Palestine Ministry Of Interior 18-02-2025 Ministry Office, Issued: 1915
Mr. Mohammad Manasrah, Respectfully, Deputy Governor of the Palestine Monetary Authority Greetings,
Subject: Saeedni Wa Khudh Biyadi Charity Association - BL-3467-C / Bethlehem
The General Administration for Non-Governmental Organizations and Public Affairs at the Ministry of Interior extends its warmest greetings. With reference to the subject above, your instructions are requested for Palestinian banks to freeze all bank accounts of the aforementioned Association, pending our provision of approval for a new Board of Directors for the Association, after the Association has rectified its status.
Yours sincerely,
Asra Helana Director General of the General Administration for Non-Governmental Organizations and Public Affairs
[Ministry of Interior Stamp - General Administration for Non-Governmental Organizations]
Copy to: Sec. + Gen. Copy to: The Office.