Regulatory Alerts2025-07-02
Added · Updated
Palestine Monetary Authority Circular No. 108: Bank Accounts of Sports Clubs
The Palestine Monetary Authority directs banks to recognize the Supreme Council for Youth and Sports as the licensing authority for sports clubs and the Ministry of Interior as the entity authorized to register these clubs and issue letters of approval for their boards, financial committees, and authorized signatories. Banks are required to classify and register sports clubs with the Ministry of Interior as community bodies and update their internal procedures to reflect these designations.