2022-12-28

A circular dated December 28, 2022 regarding controls for sending account statements

The Central Bank of Egypt's Board of Directors has decided that banks must send account statements to customers every three months, either through registered mail or electronically. This decision aims to protect customer data and maintain its confidentiality while promoting sustainability by reducing the environmental impact of the bank's internal activities. The bank must obtain the customer's consent to send electronic statements and ensure data security, integrity, and encryption.

Egypt

Central Bank of Egypt

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