Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism

This assessment of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of the Arab Republic of Egypt (Egypt) is based on the Forty Recommendations 2003 and the Nine Special Recommendations on Terrorist Financing 20...

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Main Author: World Bank
Format: Other Financial Sector Study
Language:English
en_US
Published: Washington, DC 2013
Subjects:
ID
NPL
TAX
Online Access:http://documents.worldbank.org/curated/en/2009/05/16447890/anti -money-laundering-combating-financing-terrorism-vol-1-1
http://hdl.handle.net/10986/12733
id okr-10986-12733
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCESS TO BANKING
ACCESS TO FINANCE
ACCESS TO FINANCIAL SERVICES
ACCOUNTABILITY
ADMINISTRATIVE CONTROL
ADMINISTRATIVE COSTS
AGRICULTURAL CREDIT
ANTI-CORRUPTION
ANTI-MONEY LAUNDERING
ANTICORRUPTION
APPOINTEES
ASSETS
BALANCE SHEET
BANK ACCOUNTS
BANK ASSETS
BANK DEPOSITS
BANKING INDUSTRY
BANKING INSTITUTION
BANKING LAW
BANKING RELATIONSHIPS
BANKING SECTOR
BANKING SERVICES
BANKING SUPERVISION
BANKING SYSTEM
BANKS
BEST PRACTICES
BRIBERY
BRIBERY CASES
BROKERAGE
BROKERAGE ACTIVITIES
BROKERS
CAPITAL MARKET
CAPITAL MARKETS
CAPITALIZATION
CASH ECONOMY
CASH PAYMENTS
CASH TRANSACTIONS
CENTRAL BANK
CHAMBER OF COMMERCE
CHECKS
CIVIL SERVANTS
CIVIL SOCIETY
CLEARING HOUSE
COLLECTIVE INVESTMENT
COMMERCIAL LAWS
COMMERCIAL REGISTRY
CORRUPTION
CORRUPTION PERCEPTION
CORRUPTION PERCEPTION INDEX
CREDIT BUREAU
CREDIT REGISTRY
CREDITOR
CREDITOR RIGHTS
CREDITS
CRIME
CRIMINAL
CRIMINALS
CURRENT ACCOUNT
DEBIT CARD
DEBIT CARDS
DEBT
DEBTS
DEPOSIT
DEPOSIT TAKING INSTITUTIONS
DEPOSITS
DEVELOPMENT BANK
DIVERSIFICATION
DRUG TRAFFICKING
DUE DILIGENCE
E-BANKING
EARNINGS
ECONOMIC DEVELOPMENTS
ECONOMIC REFORM
ECONOMIC REFORMS
EMBEZZLEMENT
EMPLOYEE
ENABLING ENVIRONMENT
ENFORCEMENT AGENCIES
ETHICS
EXCHANGE RATE
EXCLUSION
EXPLOITATION
EXTERNAL DEBT
EXTORTION
EXTRADITION
FINANCE COMPANIES
FINANCIAL CRIMES
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INTELLIGENCE
FINANCIAL INTELLIGENCE UNIT
FINANCIAL MARKET
FINANCIAL RESOURCES
FINANCIAL SECTOR ASSESSMENT
FINANCIAL SERVICES
FINANCIAL STATEMENTS
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN BANKS
FOREIGN CURRENCIES
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE MARKET
FOREIGN INVESTMENT
FOREIGN INVESTMENTS
FOREIGN INVESTORS
FRAUD
GLOBAL ECONOMY
GOOD GOVERNANCE
GROSS DOMESTIC PRODUCT
HOLDERS RIGHTS
HOLDING
ID
INCOME LEVELS
INFLATIONARY PRESSURES
INFORMATION SERVICE
INFORMATION TECHNOLOGY
INITIATIVE
INSIDER TRADING
INSURANCE
INSURANCE COMPANIES
INSURANCE INDUSTRY
INTEGRITY
INTELLECTUAL PROPERTY
INTEREST RATE
INTERNAL AUDIT
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
INVESTIGATION
INVESTIGATIONS
INVESTMENT BANK
JOB CREATION
JUDICIAL INDEPENDENCE
JUDICIAL PROCESS
JUDICIAL REFORM
JUDICIAL SYSTEM
JUDICIARY
JUSTICE
JUSTICE SYSTEM
JUSTICES
LAND BANK
LAW ENFORCEMENT
LAWYERS
LEADERSHIP
LEGAL FRAMEWORK
LEGAL PROVISIONS
LEGAL SYSTEM
LEGAL SYSTEMS
LEGISLATIVE FRAMEWORK
LETTER OF CREDIT
LIFE INSURANCE
LIFE INSURANCE COMPANIES
LOAN
LOCAL GOVERNMENT
MICROFINANCE
MICROFINANCE INSTITUTIONS
MIGRANT WORKERS
MINISTER
MINISTERS
MISAPPROPRIATION
MISAPPROPRIATIONS
MONEY LAUNDERING
MONEY MANAGEMENT
MONEY ORDERS
MONEY TRANSFER
MONEY TRANSFERS
MORTGAGE
MORTGAGE FINANCE
MUTUAL FUNDS
MUTUAL LEGAL ASSISTANCE
NET WORTH
NON PERFORMING LOAN
NONPROFIT ORGANIZATION
NPL
OIL BOOM
OIL PRICES
OPERATIONAL INDEPENDENCE
PENALTY
PENSION
PENSION FUNDS
PEOPLES
PERCEPTION OF CORRUPTION
POLICE
POLICE OFFICERS
POLITICAL STABILITY
POST OFFICE
PRIVATE BANKS
PRIVATE EQUITY
PRIVATIZATION
PROPERTY RIGHTS
PROSECUTION
PROSECUTIONS
PROSECUTOR
PROSECUTORS
PUBLIC FUNDS
PUBLIC OFFICIALS
PUBLIC POLICY
REAL ESTATE
RECEIPTS
REGULATORY FRAMEWORK
REMITTANCE
REMITTANCES
RESERVES
RETURN
RISK MANAGEMENT
RISK PROFILES
ROBBERY
RULE OF LAW
SANCTIONS
SAVINGS
SAVINGS ACCOUNT
SAVINGS ACCOUNTS
SECURITIES
SECURITIES INDUSTRY
SEIZURE
SMALL-SCALE ENTERPRISES
SMART CARD
STOCK EXCHANGE
STOCK MARKET
STOLEN FUNDS
SUPERVISION OF BANKS
SUPERVISORY AUTHORITIES
SUPERVISORY AUTHORITY
TAX
TERRORISM
THEFT
TRADING
TRANSACTION
TRANSPARENCY
TREATIES
TRIAL
TRUSTEES
UNEMPLOYMENT
UNION
URBAN AREAS
VENTURE CAPITAL
VENTURE CAPITAL FIRMS
WIRE TRANSFER
WIRE TRANSFERS
spellingShingle ACCESS TO BANKING
ACCESS TO FINANCE
ACCESS TO FINANCIAL SERVICES
ACCOUNTABILITY
ADMINISTRATIVE CONTROL
ADMINISTRATIVE COSTS
AGRICULTURAL CREDIT
ANTI-CORRUPTION
ANTI-MONEY LAUNDERING
ANTICORRUPTION
APPOINTEES
ASSETS
BALANCE SHEET
BANK ACCOUNTS
BANK ASSETS
BANK DEPOSITS
BANKING INDUSTRY
BANKING INSTITUTION
BANKING LAW
BANKING RELATIONSHIPS
BANKING SECTOR
BANKING SERVICES
BANKING SUPERVISION
BANKING SYSTEM
BANKS
BEST PRACTICES
BRIBERY
BRIBERY CASES
BROKERAGE
BROKERAGE ACTIVITIES
BROKERS
CAPITAL MARKET
CAPITAL MARKETS
CAPITALIZATION
CASH ECONOMY
CASH PAYMENTS
CASH TRANSACTIONS
CENTRAL BANK
CHAMBER OF COMMERCE
CHECKS
CIVIL SERVANTS
CIVIL SOCIETY
CLEARING HOUSE
COLLECTIVE INVESTMENT
COMMERCIAL LAWS
COMMERCIAL REGISTRY
CORRUPTION
CORRUPTION PERCEPTION
CORRUPTION PERCEPTION INDEX
CREDIT BUREAU
CREDIT REGISTRY
CREDITOR
CREDITOR RIGHTS
CREDITS
CRIME
CRIMINAL
CRIMINALS
CURRENT ACCOUNT
DEBIT CARD
DEBIT CARDS
DEBT
DEBTS
DEPOSIT
DEPOSIT TAKING INSTITUTIONS
DEPOSITS
DEVELOPMENT BANK
DIVERSIFICATION
DRUG TRAFFICKING
DUE DILIGENCE
E-BANKING
EARNINGS
ECONOMIC DEVELOPMENTS
ECONOMIC REFORM
ECONOMIC REFORMS
EMBEZZLEMENT
EMPLOYEE
ENABLING ENVIRONMENT
ENFORCEMENT AGENCIES
ETHICS
EXCHANGE RATE
EXCLUSION
EXPLOITATION
EXTERNAL DEBT
EXTORTION
EXTRADITION
FINANCE COMPANIES
FINANCIAL CRIMES
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL INTELLIGENCE
FINANCIAL INTELLIGENCE UNIT
FINANCIAL MARKET
FINANCIAL RESOURCES
FINANCIAL SECTOR ASSESSMENT
FINANCIAL SERVICES
FINANCIAL STATEMENTS
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN BANKS
FOREIGN CURRENCIES
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE MARKET
FOREIGN INVESTMENT
FOREIGN INVESTMENTS
FOREIGN INVESTORS
FRAUD
GLOBAL ECONOMY
GOOD GOVERNANCE
GROSS DOMESTIC PRODUCT
HOLDERS RIGHTS
HOLDING
ID
INCOME LEVELS
INFLATIONARY PRESSURES
INFORMATION SERVICE
INFORMATION TECHNOLOGY
INITIATIVE
INSIDER TRADING
INSURANCE
INSURANCE COMPANIES
INSURANCE INDUSTRY
INTEGRITY
INTELLECTUAL PROPERTY
INTEREST RATE
INTERNAL AUDIT
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
INVESTIGATION
INVESTIGATIONS
INVESTMENT BANK
JOB CREATION
JUDICIAL INDEPENDENCE
JUDICIAL PROCESS
JUDICIAL REFORM
JUDICIAL SYSTEM
JUDICIARY
JUSTICE
JUSTICE SYSTEM
JUSTICES
LAND BANK
LAW ENFORCEMENT
LAWYERS
LEADERSHIP
LEGAL FRAMEWORK
LEGAL PROVISIONS
LEGAL SYSTEM
LEGAL SYSTEMS
LEGISLATIVE FRAMEWORK
LETTER OF CREDIT
LIFE INSURANCE
LIFE INSURANCE COMPANIES
LOAN
LOCAL GOVERNMENT
MICROFINANCE
MICROFINANCE INSTITUTIONS
MIGRANT WORKERS
MINISTER
MINISTERS
MISAPPROPRIATION
MISAPPROPRIATIONS
MONEY LAUNDERING
MONEY MANAGEMENT
MONEY ORDERS
MONEY TRANSFER
MONEY TRANSFERS
MORTGAGE
MORTGAGE FINANCE
MUTUAL FUNDS
MUTUAL LEGAL ASSISTANCE
NET WORTH
NON PERFORMING LOAN
NONPROFIT ORGANIZATION
NPL
OIL BOOM
OIL PRICES
OPERATIONAL INDEPENDENCE
PENALTY
PENSION
PENSION FUNDS
PEOPLES
PERCEPTION OF CORRUPTION
POLICE
POLICE OFFICERS
POLITICAL STABILITY
POST OFFICE
PRIVATE BANKS
PRIVATE EQUITY
PRIVATIZATION
PROPERTY RIGHTS
PROSECUTION
PROSECUTIONS
PROSECUTOR
PROSECUTORS
PUBLIC FUNDS
PUBLIC OFFICIALS
PUBLIC POLICY
REAL ESTATE
RECEIPTS
REGULATORY FRAMEWORK
REMITTANCE
REMITTANCES
RESERVES
RETURN
RISK MANAGEMENT
RISK PROFILES
ROBBERY
RULE OF LAW
SANCTIONS
SAVINGS
SAVINGS ACCOUNT
SAVINGS ACCOUNTS
SECURITIES
SECURITIES INDUSTRY
SEIZURE
SMALL-SCALE ENTERPRISES
SMART CARD
STOCK EXCHANGE
STOCK MARKET
STOLEN FUNDS
SUPERVISION OF BANKS
SUPERVISORY AUTHORITIES
SUPERVISORY AUTHORITY
TAX
TERRORISM
THEFT
TRADING
TRANSACTION
TRANSPARENCY
TREATIES
TRIAL
TRUSTEES
UNEMPLOYMENT
UNION
URBAN AREAS
VENTURE CAPITAL
VENTURE CAPITAL FIRMS
WIRE TRANSFER
WIRE TRANSFERS
World Bank
Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism
geographic_facet Middle East and North Africa
Egypt, Arab Republic of
description This assessment of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of the Arab Republic of Egypt (Egypt) is based on the Forty Recommendations 2003 and the Nine Special Recommendations on Terrorist Financing 2001 of the Financial Action Task Force (FATF), andwas prepared using the AML/CFT assessment Methodology 2004, as updated in February 2008. The assessment team considered all the materials supplied by the authorities, the information obtained on site during their mission from 12 to 26 October 2008, and other verifiable information subsequently provided by the authorities. During the mission, the assessment team met with officials and representatives of all relevant government agencies and the private sector. A list of the bodies met is set out in Annex 1 to the detailed assessment report. The assessment was conducted by a team of assessors composed of staff of the World Bank and two experts acting under the supervision of the World Bank. The evaluation team consisted of: Latifah Merican Cheong (Team leader); Cedric Mousset (co-team leader and financial expert), Stuart Yikona (legal expert); and Isaku Endo (financial expert), all from the Financial Market Integrity unit (FPDFI) and Horst Intscher (FIU expert, Consultant) and Younus Almoalem, (Law enforcement expert, Consultant). The assessors reviewed the institutional framework, the relevant AML/CFT laws, regulations, guidelines and other requirements, and the regulatory and other systems in place to deter and punish money laundering (ML) and the financing of terrorism (FT) through financial institutions and Designated Non-Financial Businesses and Professions (DNFBP). The assessors also examined the capacity, implementation, and effectiveness of all these systems. This report provides a summary of the AML/CFT measures in place in Egypt at the time of the mission or shortly thereafter. It describes and analyzes those measures, sets out Egypt s levels of compliance withthe FATF 40+9 Recommendations (see Table 1) and provides recommendations on how certain aspects of the system could be strengthened (see Table 2). The report was produced by the World Bank as part of the Financial Sector Assessment Program (FSAP) of Egypt. It was also presented to the MENA FATFand endorsed by this organization at its plenary meeting in Bahrain on 19 May 2009.
format Economic & Sector Work :: Other Financial Sector Study
author World Bank
author_facet World Bank
author_sort World Bank
title Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism
title_short Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism
title_full Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism
title_fullStr Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism
title_full_unstemmed Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism
title_sort arab republic of egypt : detailed assessment report on anti-money laundering and combatting the financing of terrorism
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2009/05/16447890/anti -money-laundering-combating-financing-terrorism-vol-1-1
http://hdl.handle.net/10986/12733
_version_ 1764421438188552192
spelling okr-10986-127332021-04-23T14:03:04Z Arab Republic of Egypt : Detailed Assessment Report on Anti-Money Laundering and Combatting the Financing of Terrorism World Bank ACCESS TO BANKING ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTABILITY ADMINISTRATIVE CONTROL ADMINISTRATIVE COSTS AGRICULTURAL CREDIT ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION APPOINTEES ASSETS BALANCE SHEET BANK ACCOUNTS BANK ASSETS BANK DEPOSITS BANKING INDUSTRY BANKING INSTITUTION BANKING LAW BANKING RELATIONSHIPS BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BANKS BEST PRACTICES BRIBERY BRIBERY CASES BROKERAGE BROKERAGE ACTIVITIES BROKERS CAPITAL MARKET CAPITAL MARKETS CAPITALIZATION CASH ECONOMY CASH PAYMENTS CASH TRANSACTIONS CENTRAL BANK CHAMBER OF COMMERCE CHECKS CIVIL SERVANTS CIVIL SOCIETY CLEARING HOUSE COLLECTIVE INVESTMENT COMMERCIAL LAWS COMMERCIAL REGISTRY CORRUPTION CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDEX CREDIT BUREAU CREDIT REGISTRY CREDITOR CREDITOR RIGHTS CREDITS CRIME CRIMINAL CRIMINALS CURRENT ACCOUNT DEBIT CARD DEBIT CARDS DEBT DEBTS DEPOSIT DEPOSIT TAKING INSTITUTIONS DEPOSITS DEVELOPMENT BANK DIVERSIFICATION DRUG TRAFFICKING DUE DILIGENCE E-BANKING EARNINGS ECONOMIC DEVELOPMENTS ECONOMIC REFORM ECONOMIC REFORMS EMBEZZLEMENT EMPLOYEE ENABLING ENVIRONMENT ENFORCEMENT AGENCIES ETHICS EXCHANGE RATE EXCLUSION EXPLOITATION EXTERNAL DEBT EXTORTION EXTRADITION FINANCE COMPANIES FINANCIAL CRIMES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL MARKET FINANCIAL RESOURCES FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FRAUD GLOBAL ECONOMY GOOD GOVERNANCE GROSS DOMESTIC PRODUCT HOLDERS RIGHTS HOLDING ID INCOME LEVELS INFLATIONARY PRESSURES INFORMATION SERVICE INFORMATION TECHNOLOGY INITIATIVE INSIDER TRADING INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEGRITY INTELLECTUAL PROPERTY INTEREST RATE INTERNAL AUDIT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTIGATIONS INVESTMENT BANK JOB CREATION JUDICIAL INDEPENDENCE JUDICIAL PROCESS JUDICIAL REFORM JUDICIAL SYSTEM JUDICIARY JUSTICE JUSTICE SYSTEM JUSTICES LAND BANK LAW ENFORCEMENT LAWYERS LEADERSHIP LEGAL FRAMEWORK LEGAL PROVISIONS LEGAL SYSTEM LEGAL SYSTEMS LEGISLATIVE FRAMEWORK LETTER OF CREDIT LIFE INSURANCE LIFE INSURANCE COMPANIES LOAN LOCAL GOVERNMENT MICROFINANCE MICROFINANCE INSTITUTIONS MIGRANT WORKERS MINISTER MINISTERS MISAPPROPRIATION MISAPPROPRIATIONS MONEY LAUNDERING MONEY MANAGEMENT MONEY ORDERS MONEY TRANSFER MONEY TRANSFERS MORTGAGE MORTGAGE FINANCE MUTUAL FUNDS MUTUAL LEGAL ASSISTANCE NET WORTH NON PERFORMING LOAN NONPROFIT ORGANIZATION NPL OIL BOOM OIL PRICES OPERATIONAL INDEPENDENCE PENALTY PENSION PENSION FUNDS PEOPLES PERCEPTION OF CORRUPTION POLICE POLICE OFFICERS POLITICAL STABILITY POST OFFICE PRIVATE BANKS PRIVATE EQUITY PRIVATIZATION PROPERTY RIGHTS PROSECUTION PROSECUTIONS PROSECUTOR PROSECUTORS PUBLIC FUNDS PUBLIC OFFICIALS PUBLIC POLICY REAL ESTATE RECEIPTS REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESERVES RETURN RISK MANAGEMENT RISK PROFILES ROBBERY RULE OF LAW SANCTIONS SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SECURITIES SECURITIES INDUSTRY SEIZURE SMALL-SCALE ENTERPRISES SMART CARD STOCK EXCHANGE STOCK MARKET STOLEN FUNDS SUPERVISION OF BANKS SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY TAX TERRORISM THEFT TRADING TRANSACTION TRANSPARENCY TREATIES TRIAL TRUSTEES UNEMPLOYMENT UNION URBAN AREAS VENTURE CAPITAL VENTURE CAPITAL FIRMS WIRE TRANSFER WIRE TRANSFERS This assessment of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of the Arab Republic of Egypt (Egypt) is based on the Forty Recommendations 2003 and the Nine Special Recommendations on Terrorist Financing 2001 of the Financial Action Task Force (FATF), andwas prepared using the AML/CFT assessment Methodology 2004, as updated in February 2008. The assessment team considered all the materials supplied by the authorities, the information obtained on site during their mission from 12 to 26 October 2008, and other verifiable information subsequently provided by the authorities. During the mission, the assessment team met with officials and representatives of all relevant government agencies and the private sector. A list of the bodies met is set out in Annex 1 to the detailed assessment report. The assessment was conducted by a team of assessors composed of staff of the World Bank and two experts acting under the supervision of the World Bank. The evaluation team consisted of: Latifah Merican Cheong (Team leader); Cedric Mousset (co-team leader and financial expert), Stuart Yikona (legal expert); and Isaku Endo (financial expert), all from the Financial Market Integrity unit (FPDFI) and Horst Intscher (FIU expert, Consultant) and Younus Almoalem, (Law enforcement expert, Consultant). The assessors reviewed the institutional framework, the relevant AML/CFT laws, regulations, guidelines and other requirements, and the regulatory and other systems in place to deter and punish money laundering (ML) and the financing of terrorism (FT) through financial institutions and Designated Non-Financial Businesses and Professions (DNFBP). The assessors also examined the capacity, implementation, and effectiveness of all these systems. This report provides a summary of the AML/CFT measures in place in Egypt at the time of the mission or shortly thereafter. It describes and analyzes those measures, sets out Egypt s levels of compliance withthe FATF 40+9 Recommendations (see Table 1) and provides recommendations on how certain aspects of the system could be strengthened (see Table 2). The report was produced by the World Bank as part of the Financial Sector Assessment Program (FSAP) of Egypt. It was also presented to the MENA FATFand endorsed by this organization at its plenary meeting in Bahrain on 19 May 2009. 2013-03-14T18:49:26Z 2013-03-14T18:49:26Z 2009-05 http://documents.worldbank.org/curated/en/2009/05/16447890/anti -money-laundering-combating-financing-terrorism-vol-1-1 http://hdl.handle.net/10986/12733 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Middle East and North Africa Egypt, Arab Republic of