MENAFATF praises Egypt for key AML/CFT advancements, such as expanding DNFBP definitions, tackling virtual asset risks, and implementing a system to identify unlicensed MVTS

Egypt has made significant progress in meeting FATF recommendations, achieving “Compliant” ratings for Recommendations 23 and 14, and “Largely Compliant” ratings for Recommendations 22 and 15, addressing key AML/CFT requirements but facing some gaps in supervision and international cooperation…