The Central Bank of Egypt takes a significant step in the fight against money laundering and terrorist financing with the issuance of new regulatory controls for banks. In line with international standards, these regulations aim to enhance current practices and ensure compliance. Licensed banks have a six-month grace period until 24 June 2024 to align with the new requirements.

Explore the comprehensive insights provided by our Partner Hegui Taha and Associate Salma Farouq for a detailed understanding of the implications and necessary actions through this link AML_EGYPT_2024 – MEM  

For more information For further information, please contact Alex Saleh (alex.saleh@glaco.com) and Hegui Taha  (Hegui.taha@glaco.com)