Palestine Monetary Authority

Palestine Monetary Authority

(2013/10) Instructions No.
To all banks operating in Palestine
Date: Thursday, December 05, 2013
Subject: Depositor Data in Bank Accounts

Based on the provisions of Chapter Three of the Anti-Money Laundering Law Decision No. (9) of 2007 and specifically Articles (6, 13), and to the provisions of Article (44) of the Banks Law No. (9) of 2010 All banks are required to comply with the following:

First: Identify the identity of a non-account holder depositor in client accounts when they make a deposit equal to or exceeding three thousand US dollars or its equivalent in other currencies.

Second: Identify the depositor's full four-part name and identification number, based on the depositor's ID card, passport, or any legally recognized identity verification document in Palestine.

Third: Modify the banking system as follows:

A. Cash Deposit Screen: Add an independent field specifically for non-account holder depositor data which shall include at a minimum (the depositor's full four-part name and identification number), with the necessity of providing supporting documents, and the necessity of clarifying the nature of the depositor's relationship with the account holder and adding it to the remarks.

B. Transaction Execution: Add a function that blocks the execution of cash deposit transactions equal to or exceeding $3,000 or its equivalent in other currencies until all fields referred to in items (Second and Third) of these instructions are completed.

The provisions of these instructions shall take effect from the date of their issuance, and banks that find they require a time limit to implement modifications to their banking systems shall submit a request to the Palestine Monetary Authority to grant them an appropriate deadline for this purpose.

Supervision and Inspection Department
Palestine Monetary Authority

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Ramallah - Al Bireh P.O.Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps Ramallah - Al Bireh P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487 www.pma.ps

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05-DEC-2013(THU) 13:32 PMA - central diwan (FAX) 2409922 P. 001

Transaction Report

Broadcast
Transaction(s) completed

Nr.	TX Dte/T	Destination	Duration	P. #	Result	Mode
341	05-DEC	13:19 qudos bank	0°00'08"	001	OK	N ECM
		13:20 gaza diwan	0°00'11"	001	OK	N ECM
		13:20 ARAB BANK	0°00'08"	001	OK	N ECM
		13:21 alrafah bank	0°00'19"	001	OK	N ECM
		13:22 CAIRO AMMAN BANK	0°00'10"	001	OK	N ECM
		13:23 PALESTINE BANK	0°00'10"	001	OK	N ECM
		13:23 JORDAN BANK	0°00'09"	001	OK	N ECM
		13:24 HOUSING BANK	0°00'12"	001	OK	N ECM
		13:25 COMMERCIAL BANK	0°00'24"	001	OK	N ECM
		13:26 NATIONAL BANK	0°00'09"	001	OK	N ECM
		13:26 UNION BANK	0°00'10"	001	OK	N ECM
		13:27 alljare alardne	0°00'10"	001	OK	N ECM
		13:28 jordan kuwait bank	0°00'08"	001	OK	N ECM
		13:28 invistmant bank	0°00'09"	001	OK	N ECM
		13:29 eslamic palestini	0°00'08"	001	OK	N ECM
		13:30 HSBC BANK	0°00'09"	001	OK	N ECM
		13:30 ARAB ISLAMIC BANK	0°00'10"	001	OK	N ECM
		13:31 ARAB LAND BANK	0°00'10"	001	OK	N ECM

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Palestine Monetary Authority

Palestine Monetary Authority

(2013/10) Instructions No.
To all banks operating in Palestine
Date: Thursday, December 05, 2013
Subject: Depositor Data in Bank Accounts

Based on the provisions of Chapter Three of the Anti-Money Laundering Law Decision No. (9) of 2007 and specifically Articles (6, 13), and to the provisions of Article (44) of the Banks Law No. (9) of 2010 All banks are required to comply with the following:

First: Identify the identity of a non-account holder depositor in client accounts when they make a deposit equal to or exceeding three thousand US dollars or its equivalent in other currencies.

Second: Identify the depositor's full four-part name and identification number, based on the depositor's ID card, passport, or any legally recognized identity verification document in Palestine.

Third: Modify the banking system as follows: