Press Statement


Date: 16/1/2019

The Governor of Palestine Monetary Authority has been aware of recently filed civil litigation in the United States against 3 banks operating in Palestine which are Cairo Amman Bank, Bank of Palestine and Palestine Investment Bank. The Governor expressed his confidence that the lawsuits do not have any factual or legal basis. The Governor noted that all banks operating in Palestine are safe and sound institutions that are cornerstones of the Palestinian economy. Further, the banks will continue to be committed to compliance with laws and international best practices to counter money laundering and terror financing.

 

Categories: PMA, Warnings

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