Regulatory Alerts2024-03-04 | CBE4.9Added · Updated
CBE Regulation Book 4.9 - Controls Reporting To Investigation Bodies
Banks must consult the Central Bank of Egypt (CBE) before reporting to investigation bodies regarding specific incidents. Reporting is mandatory for actual fraud, forgery, or document falsification, whereas reporting credit file discrepancies requires prior CBE approval and a detailed memorandum outlining the discrepancy, responsible parties, corrective actions, and preventive measures. The document references CBE letters from October 2000 and March 2000.
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