Regulatory Alerts2025-01-01
Circular No. 123/2025: Freezing Bank Accounts of Al-Sadeeq Al-Wafee Charity Association
The Palestine Monetary Authority issued Circular No. 123/2025 to all banks operating in Palestine, instructing them to freeze all bank accounts of the Al-Sadeeq Al-Wafee Charity Association (Registration No. 685-JR). This directive follows a request from the Ministry of Interior's General Administration of Non-Governmental Organizations and Public Affairs, citing the need for the association to rectify its status. The freeze remains in effect until the Ministry issues a formal letter authorizing the reactivation of the accounts.
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[Palestine Monetary Authority Logo]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (123/2025) To all banks operating in Palestine Date: Tuesday, September 30, 2025
Subject: Al-Sadeeq Al-Wafee Charity Association
Attached is a copy of the letter from Mr. Ishtar Helana - Director General of the General Administration of Non-Governmental Organizations and Public Affairs at the Ministry of Interior, No. (9908), regarding the request to freeze all bank accounts of the Al-Sadeeq Al-Wafee Charity Association registered with the Ministry under Number (685-JR), pending the association's rectification of its status in accordance with regulations.
Accordingly, the necessary measures are requested to be taken for implementation.
Supervision Group Palestine Monetary Authority
Copy: Honorable Gentlemen/ Ministry of Interior.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal code: 610675 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps
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[State of Palestine Logo] State Of Palestine Ministry Of Interior State of Palestine Ministry of Interior
2025/09/24
Dear Mr. Mohammad Munassarah, Deputy Governor of the Palestine Monetary Authority Greetings,
[Stamp: State of Palestine - Ministry of Interior - 2025-09-28 - Diwan - 9908]
Subject: Al-Sadeeq Al-Wafee Charity Association - 685-JR
The General Administration of Non-Governmental Organizations and Public Affairs at the Ministry of Interior extends its best regards to you.
With reference to the subject above, please instruct the relevant parties to freeze all bank accounts of the aforementioned association, pending receipt of a letter from us to reactivate the bank accounts of the association, after the association has rectified its status.
Accept our highest respect,
[Signature] Ishtar Helana Director General of the General Administration of Non-Governmental Organizations and Public Affairs
[Stamp: State of Palestine - Ministry of Interior - General Administration of Non-Governmental Organizations and Public Affairs]