The Central Bank of Egypt (CBE), in cooperation with the Egyptian Banking Institute (EBI), has announced the launch of a new training programme titled “Foundations of Fraud Combating” to enhance professional competencies in the banking sector and build resilience against emerging risks. The programme seeks to raise awareness of the latest and rapidly evolving fraud schemes impacting the banking industry.
As part of ongoing efforts to bolster professional skills in the banking sector, the Central Bank of Egypt (CBE) and the Egyptian Banking Institute (EBI) have introduced a training programme focused on combating fraud. Aimed at banking employees across various specializations and job levels, it provides essential knowledge on different types of fraud that could affect staff or customers, along with effective prevention methods.
Mostafa Khidr, General Manager of the Fraud Combating and Financial Crimes Centralized Department at the CBE, described the programme as «a strategic opportunity to enhance awareness and build a shared understanding of various fraud practices and the frameworks for combating banking fraud». He added that fraud prevention is a collective responsibility, relying on robust policies, procedures, and internal controls, but ultimately depending on the vigilance and commitment of institutions, their employees, and customers.
Abdel Aziz Nossier, Executive Director of the EBI, called the launch «another milestone in ongoing efforts to strengthen the capabilities of banking professionals», emphasizing that it equips participants with practical skills to detect and prevent fraudulent activities. He stressed that investing in human capital is key to a more secure and sustainable banking sector. The curriculum features real-life case studies on fraud's impact and outlines appropriate responses to suspected incidents.
Announced on December 28, 2025, the initiative supports quicker response mechanisms and effective mitigation techniques, while establishing a unified definition of banking fraud.