Regulatory Alerts2021-01-24
A circular dated January 24, 2021, supplementing the book issued regarding local transfers in the Egyptian pound
In this letter dated January 24, 2021, addressed to the Chairman of the Board of Directors of a bank in Cairo, the writer refers to a previous circular issued on January 6, 2021, regarding instructions for activating Egyptian pound transfer services. The writer emphasizes that the verification of beneficiary account details, including the International Bank Account Number (IBAN), should be conducted according to the bank's usual verification procedures and internal regulations. The letter requests the recipient's attention and appropriate action regarding the matter.
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payments