i-law

Money Laundering Bulletin

Egypt - in transition [Video]

Seven years after the Arab Spring, Egypt is stable but investors remain wary in the wake of November 2016’s currency devaluation, with international banks also de-risking in favour of regional players. Only ten per cent of the population have a bank account while the informal economy constitutes a major challenge to tax collection and transaction monitoring. Identification of individuals is, though, set to become easier. Paul Cochrane reports from Cairo.

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