BYLaw

Egypt’s economy actively encourages foreign direct investment (FDI)  by offering a liberal legal framework and generous incentives. In recent years the government enacted major reforms – notably Investment Law No. 72 of 2017  – to make Egypt more attractive to foreign investors. This law provides special guarantees (national treatment, profit repatriation, protection against expropriation) and a suite of incentives for approved projects. In fact, under Egypt’s investment law investors can...

Egypt’s anti-money laundering (AML) framework is built on Law No. 80 of 2002  and its updates. This law criminalizes the handling of illicit funds and imposes strict reporting duties on banks and other entities. The Central Bank of Egypt (CBE) established a specialized unit (EMLCU) to enforce AML/CTF rules. Under Egyptian law, money laundering  is defined broadly as converting or transferring assets known to be derived from criminal conduct, with intent to conceal their origin. In practice,...

Egypt’s economy is a leading force in the Middle East and Africa, notably as the gateway via the Suez Canal, which handles about 12% of global trade. This strategic position – along with a large informal cash economy – exposes Egypt to financial crime risks. Experts note that Egypt’s reliance on cash payments, cross-border trade and remittances has made it “particularly vulnerable to money laundering and terrorist financing ”. To protect the integrity of its financial system and economy,...