The Central Bank of Egypt, in coordination with the Egyptian Banking Institute, has launched a “Foundations of Fraud Combating” training program to strengthen the banking sector’s ability to detect, respond to, and prevent rapidly evolving fraud schemes. The program is intended to build a shared understanding of fraud conduct and frameworks for combating banking fraud, including mitigation techniques and a clearer, unified definition of banking fraud. It targets employees across different specializations and job levels, covering fraud types that staff and customers may encounter, methods to block attempted fraud, the impact of fraud through real-life case studies, and the appropriate actions to take when a fraudulent incident is discovered or suspected.
Central Bank of Egypt 2025-12-28
Central Bank of Egypt and Egyptian Banking Institute launch Foundations of Fraud Combating training program for banking sector employees
The Central Bank of Egypt, in collaboration with the Egyptian Banking Institute, has launched a "Foundations of Fraud Combating" training program to enhance the banking sector's fraud detection and prevention capabilities. The program aims to establish a unified understanding of banking fraud, covering various fraud types, mitigation techniques, and appropriate responses to suspected incidents.