2019-07-21

A circular dated July 17, 2019 regarding the rules governing the classification of financial inclusion products and services

This document outlines the regulatory instructions for financial inclusion products and services in Egypt. It defines financial inclusion as the process of providing affordable and fair financial services to citizens, with the aim of integrating them into the formal financial system. The Central Bank of Egypt and the Anti-Money Laundering and Terrorist Financing Unit must approve these products and services. The document also details the procedures for due diligence, customer identification, and verification for financial inclusion products and services.

Egypt

Central Bank of Egypt

Show thumbnail