Regulatory Alerts2012-02-28
Added · Updated
Instructions No. 1 of 2012 Regarding the Minimum Capital
The Palestine Monetary Authority issued Instructions No. 1 of 2012 to establish mandatory minimum paid-up capital requirements for money changers operating in Palestine. The directive sets tiered capital thresholds based on legal structure and operational scope, ranging from $100,000 to $2,000,000, and repeals conflicting prior licensing provisions. All affected entities must align their capitalization with these standards and submit a compliance schedule within one month, with full payment required by the end of 2013.
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