27. Are there provisions requiring donations to go through the banking system?

Egypt

Egypt

Answer
Yes
Source

Article 26 'Each candidate may receive contribution in cash or in-kind from Egyptian natural persons or from the party nominating him, provided that contributions from any natural person shall not exceed 2 % of the maximum expenditure allowed on the election campaign. The candidate shall open an account in local currency at one of the banks designated by the PEC, wherein he shall deposit all contributions in cash received thereby as well as the financial assistance obtained from the state and any allocations of his own money. he candidate shall keep the PEC posted on all amounts deposited in his account as well as sources and aspects of expenditures, on such dates and through such procedures as are set by the PEC. No expenditures on the election campaign shall be made beyond this account. The PEC shall allocate the remaining balance on that account to contributions on a pro-rate basis, in accordance with such procedures as may be specified by the PEC. Parties shall be under obligation to notify the Political Parties Affairs Committee of the contributions exceeding LE 1,000 each received thereby within the three months prior to the date set for balloting, which notice shall be given within the five days following receipt of the contribution.' 

Source Law No. 174 for the year 2005

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