Egyptian Anti-Money Laundering Law
Type
Legislative Insight
Date
10 Oct 2023
Jurisdiction
Egypt
Taxonomy
Financial & Business Offences, Corporate Liability
Copyright
LexisNexis
Legal reference
Egypt Law No. 80/2002, Egypt Law No. 78/2003, Egypt Law No. 181/2008, Egypt Decree No. 951/2003
The Government of Egypt has taken various steps to set up an anti-money laundering system. Major steps included the issuance of Egypt Law No. 80/2002 Promulgating the Anti-Money Laundering Law, which was published in the Official Gazette on 22 May 2002. Egypt Law No. 80/2002 was amended twice by virtue of the Egypt Law No. 78/2003 Amending the Anti-Money Laundering Law, which was published in the Official Gazette on 8 June 2003, and Egypt Law No. 181/2008 Additionally Amending the Anti-Money Laundering Law, which was published in the Official Gazette on 22 June 2008. The Executive Regulations were also issued by virtue of the Egypt Decree No. 951/2003, published in the Official Gazette on 9 June 2003.