Lawmakers in Egypt and US addressing AML and KYC

U.S. and Egyptian officials are pushing for AML and KYC regulation to combat fraud and other illicit financial flows, though the American measures have yet to be approved.

Egypt requires digital ID for fintech, non-bank finance

The Financial Regulatory Authority of Egypt issued several decrees regulating the development and use of fintech within non-banking financial services and activities.

Decree 139 of 2023 outlines requirements for the digital infrastructure of non-banking financial institutions and further establishes governance, risk management and cybersecurity …

american aml authority bank biometrics biometrics news cryptocurrency development digital digital id digital-identity egypt finance financial financial services fintech fraud fraud prevention kyc lawmakers non officials regulation regulatory selfie biometrics