Consumer data leaks face jail and fines

Law No. 18 of 2020 regulates the consumer finance activity in Egypt, imposing strict controls to protect customer data. It mandates that consumer finance companies maintain the confidentiality of information and not disclose it without prior written consent. The law specifies penalties of imprisonment and fines ranging from 200,000 to one million Egyptian pounds for violations of these obligations. It also sanctions anyone practicing finance activity without a license. The main goal is to protect customers' personal data and reduce legal risks for companies.

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