2018-06-25

A circular dated June 24, 2018, in addition to the circular regarding opening accounts for private labor associations.

In this letter dated June 24, 2018, addressed to the Chairman of the Board of Directors of a bank, the writer emphasizes the requirement for banks to ensure that associations wishing to receive donations from customers have obtained the necessary license for fundraising from the Ministry of Social Solidarity. This is in accordance with the provisions of the law regulating the work of associations and other civil society institutions. The writer further emphasizes that while accounts can be opened for these associations, fundraising through these accounts is only permitted after obtaining the required license from the Ministry.

Egypt

Central Bank of Egypt

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