Regulatory Alerts2012-01-01
Circular No. 12/2012 Unified Inquiry System
The Palestine Monetary Authority reiterates its directive requiring all banks operating in Palestine to verify that every customer using checks holds a valid inquiry and authorization form. Banks must promptly address any documentation gaps in preparation for the upcoming launch of the Unified Inquiry System on the Authority's website. The regulator will audit samples of these authorization forms prior to the system's official rollout to ensure legal compliance for disclosing customer classification ratings.
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