Regulatory Alerts2018-01-01
Circular No. 145: Final Deadline for Printing Checks to New Specifications
The Palestine Monetary Authority has exceptionally extended the final deadline for banks to commence printing checks to new security and technical specifications from June 30, 2018, to July 15, 2018. Banks are required to ensure full compliance with Instruction No. (6) of 2017, submit a complete sample of the new checks for regulatory approval before the new deadline, and strictly prohibit printing non-compliant checks after July 15. Non-compliance will trigger enforcement actions in accordance with applicable laws and regulations.
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