2024-03-04 | CBE4.9

CBE Regulation Book 4.9 - Controls Reporting To Investigation Bodies 9

Banks must consult with the Central Bank of Egypt before filing criminal charges against customers. If a bank suspects a customer of committing a crime, it must first obtain the approval of the Central Bank of Egypt and provide a detailed report on the incident, including any negligence or fraud that occurred, the actions taken by the bank, and measures to prevent similar incidents in the future. This process is outlined in the letters from the Vice Governor and Governor of the Central Bank of Egypt, dated October 29, 2000, and March 30, 2000, respectively.

Egypt

Central Bank of Egypt

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