Egypt’s proactive measures against financial fraud helped prevent transactions worth EGP 4 billion over the past year, marking a 268% increase compared to 2024, according to Governor of the Central Bank of Egypt, Hassan Abdalla.

The year also saw an unprecedented rise in amounts recovered for victims of fraud.

Speaking at the Second Arab Anti-Fraud Conference in Luxor, Abdalla emphasized that combating financial crime is a top priority requiring innovative solutions, strengthened regional and international cooperation, and the adoption of advanced technological tools amid rapid global financial developments.

“The fight against fraud is a shared responsibility,” Abdalla said. “It requires coordination between central banks, financial institutions, law enforcement agencies, and the private sector to protect the integrity of Arab banking systems and ensure financial stability.”

The conference, held for the second consecutive year, builds on recommendations from the inaugural event in Sharm El-Sheikh, serving as a specialized platform for exchanging expertise and discussing the latest fraud trends and countermeasures.

Highlighting the sector’s progress, Abdalla noted that total recovered amounts for victims reached EGP 116.8 million in 2025, compared with EGP 6.5 million in 2024, reflecting the rapid response and collaboration of state institutions in tackling fraudulent activities.

Abdalla stressed the need for dynamic and innovative solutions to match evolving fraud strategies, alongside enhancing regional and international cooperation. 

“This will raise the capabilities of professionals in the field and establish secure channels for information exchange,” he said, “strengthening the Arab banking sector’s resilience, ensuring stability, and supporting sustainable economic growth.”