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CBE asks banks to monitor some customer accounts - Daily News Egypt

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CBE asks banks to monitor some customer accounts

The Central Bank of Egypt (CBE) requested that banks operating in the local market monitor the accounts to which insurance dues and pensions are transferred to. In a letter to the banks, Gamal Negm, deputy governor of the CBE, said that the CBE has received information confirming the existence of a number of bank accounts …


The Central Bank of Egypt (CBE) requested that banks operating in the local market monitor the accounts to which insurance dues and pensions are transferred to.

In a letter to the banks, Gamal Negm, deputy governor of the CBE, said that the CBE has received information confirming the existence of a number of bank accounts to which insurance and pensions are transferred despite the death of their owners.

Negm asked the banks to monitor these accounts on a regular basis and notify the National Organisation For Social Insurance.

He stressed that the aim is to filter these accounts and avoid unjustly transferring money to them.

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https://cdn1.dailynewsegypt.com/2018/01/27/cbe-asks-banks-monitor-customer-accounts/
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