NTRA imposes EGP 25,000 fines for wrong KYC data

The National Regulatory Telecommunications Authority (NTRA) has imposed fines of up to EGP 25,000 on mobile network operators for every customer whose data has not been logged correctly by the company, government sources tell Al Borsa. The move is the latest in a series of decisions by the NTRA to ensure KYC data is collected, including ending the sale of new phone lines by distributors in March and limiting them to official branches of MNOs.