Banks consider sanctions for “counterfeiters” – ARAB TIMES






KUWAIT CITY, September 26: Banks “are preparing to adopt a new punitive mechanism, whereby customers suspected of having falsified their papers and loan documents will be denied access to any new funding, pending the end of the ‘investigation”. Informed sources have revealed “in the future those on the ‘blacklist of loans’ will not be limited only to confirmed counterfeiters, but also to those suspected of forgery,” stressing that “according to this mechanism, the names of Clients suspected of obtaining loans based on forged documents will be included on the Credit Information Network (SciNet) and their names will be disseminated among all funding agencies. The sources explained that “the forgery of documents includes a salary certificate, continuity of work and other documents that customers must submit to banks to obtain loans, or documents submitted on behalf of fictitious companies. ”

Sources pointed out “just as all banking units and the financial system are obliged to refer to the network (Scinet) to clarify whether the applicant has the right to obtain a loan or to increase his financing area, or s ” he has exhausted the maximum loan limit and its payment, he will also have to enter the network to find out if the client is suspected of having falsified or not one of the documents required to obtain a loan from another financing organization The sources pointed out that “under this mechanism, if the client’s name is put on the list of false suspects, he will be prevented from obtaining any new financing, or restructuring his loan, until the investigation is completed. completed “.





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