Regulatory Alerts2012-01-01
Circular No. 82 Regulating the Disbursement of Remittances to Beneficiaries
The Palestine Monetary Authority issued Circular No. 82 to amend its July 2007 remittance disbursement regulations by repealing Item 2 and mandating that banks process remittance payouts strictly according to the beneficiary's entitlement date. The directive places the responsibility on each operating bank to verify the authenticity and compliance of all executed financial transactions in accordance with established regulatory procedures. This update standardizes disbursement timelines and strengthens transaction verification protocols across all Palestinian financial institutions.
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