Regulatory Alerts2022-04-20 | CBE13.2Added · Updated
CBE Regulation Book 13.2 - The Rules Regulating The Provision Of Internet Banking Services
The Central Bank of Egypt establishes rules for internet banking services, requiring banks to implement risk management frameworks, secure authentication methods, and anti-money laundering protocols. The regulation mandates strict identity verification, password security standards, and specific controls for fund transfers and third-party outsourcing. It also outlines board responsibilities and introduces temporary measures to facilitate electronic payments during the coronavirus pandemic.