Ensure Liquidity, Solvency, Regulate and Supervise.

Providing measures to protect the interests of consumers of financial services, to prevent systemic risk to the financial system, to provide sufficient scope for market forces to operate in the field of financial services, and to protect the reputation of the Republic in the international financial community, and establishing rules for the licensing, supervision and regulation of financial institutions.


Obtaining a New Banking License

List of Active Banks in the Republic of Palau

If you wish to directly report issues you can use the online reporting service.

Information about our employees and authorized persons.

Updates on Community Efforts regarding Coronavirus

The State Dept of Health (MSDH) has activated the COVID-19 hotline to answer questions from the general public from 8 a.m. to 5 p.m., Mon- Fri.

Explore Online Services & Resource

The mission of the Palau Financial Services Regulation (PFSR) is to establish and maintain a financial regulatory and supervisory system for the Republic of Palau, consistent with international standards, which promotes a stable banking and financial sector that facilitates economic growth and development within the Republic of Palau.


Message from the Executive Commissioner

Welcome to the official website of the Republic of Palau Financial Services Regulation (PFSR). The PFSR is responsible for the oversight, supervision and regulation of the Republic of Palau’s financial sector. As the Executive Commissioner I am tasked with ensuring that all rules and regulations promulgated in the Financial Institutions Act of 2001, as amended, are abided by and maintained. At present, we monitor and regulate seven banks in Palau and are in the process of developing regulatory policies pertaining to other types of financial institutions as defined in the Financial Institutions Act.

The Financial Institutions Act (the Act) was approved by then President Tommy E. Remengesau, Jr., and came into effect on June 19, 2001 and was strengthened by subsequent amendments in August 2007. The following year, in July 2008, a series of Prudential and Administrative regulations were duly approved by the PFSR Governing Board. The Act and the PFSR Regulations have greatly enhanced the Commission’s ability to effectively and efficiently monitor the financial sector’s performance and enforce those requirements established in the amended Financial Institutions Act.

The PFSR was established and operates as an independent agency. It is overseen by a Governing Board that functions as a policymaking body, and managed by myself as the Executive Commissioner. In addition, we currently have one Bank Examiner and an Administrative Officer who assist in the day-to-day operation of the office.

Tesfalem Aatifa Executive Commissioner

News & Events

Administrative Specialist Vacancy Announcement


Read More → Administrative Specialist Vacancy Announcement

Banking Sector Condition


The PFSR is aware that there may be concerns regarding large movement of deposits from Bank of Guam, Koror Branch. Therefore, the PFSR...
Read More → Banking Sector Condition

Cash Levels On-Island Sufficient and Banks Continue Work on ATM Solutions


The PFSR along with the three US Bank Branches (Bank of Hawaii, Bank of Guam, and BankPacific), have been coordinating with the Ministry of...
Read More → Cash Levels On-Island Sufficient and Banks Continue Work on ATM Solutions

PFSR Statement of Clarification


The Palau Financial Services Regulation issues this statement in response to continued confusion as to the roles and responsibilities of...
Read More → PFSR Statement of Clarification

Close Search Window