EGYPT MIGHT BE BOOSTING AML CONTROLS, BUT REFORMS UNDERMINED BY GROWING GOVERNMENT POWER AND EXEMPTIONS FOR MILITARY
September 1st, 2018
Egypt’s attempts to crack down on corruption, commercial crime and money laundering are real. But they are being undermined by low existing standards, government authoritarianism and blind-eyes turned to military wrong-doing, anti-crime experts argue. Paul Cochrane reports.
The Egyptian government talks a good game when it comes to fighting financial crime. At the behest of the International Monetary Fund (IMF) it is imposing a slew of reforms to improve its capacity to suppress graft, fraud and dirty money flows.
Cairo amended the regulations ...
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