Palestine Monetary Authority Circular No. 94: Security and Safety Requirements

Palestine Monetary Authority PALESTINE MONETARY AUTHORITY

Circular No. (94/2023)
To all banks operating in Palestine Date: Thursday, April 27, 2023

Subject: Security and Safety Requirements

In the context of the Palestine Monetary Authority's efforts to enhance protection, security, and safety measures in the banking sector in Palestine, and given recent developments regarding the repeated incidents of robbery and theft at branches, offices, and ATMs, the Authority emphasizes full compliance with the requirements of Instructions No. (2021/22) dated October 31, 2021, and Circular No. (2020/25) dated January 27, 2020, regarding security and safety protection requirements. Banks must extract lessons learned from previous cases and take measures adequate to enhance security and protection for branches, offices, and ATMs. Furthermore, banks shall classify headquarters, branches, and offices according to their respective risk exposure levels and make necessary arrangements to provide security and safety requirements based on this risk classification. Banks are required to submit a report detailing the measures taken within five working days from the date of this circular.

Supervision Group
Palestine Monetary Authority

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