PMA stresses accord with Israel as banks threaten to pull out

Azzam Shawwa: Palestinian banks conform to global regulations

Palestinian banks conform to global standards and are not vulnerable to lapses of money laundering and terrorist financing (AML/CFT) controls, the Palestine Monetary Authority (PMA) stressed on January 23, amid fears that Israeli banks could cut off their services.

PMA governor Azzam Shawwa hailed the "assurances" recently granted by the Israeli government to Israeli banks performing correspondent-banking services for Palestinian banks.

Israeli newspaper Haaretz reported the government had

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