Dubai police fight cheque fraudsters

FRAUD FIGHT: Dubai police are set to release the details of cheque bouncers. (Getty Images)

Dubai police are set to release the details of people who issue dud cheques, through a deal with Emcredit announced on Monday.

The partnership, called ‘Embounce’ is a data-sharing agreement which will see defaulted cheques reported to Dubai police, or involved in legal prosecutions, added to the electronic records of private credit information firm Emcredit.

Major General Khamis Mattar Al-Mazeina, deputy chief of Dubai police, said police aimed to create advanced mechanisms to curb financial fraud in the UAE.

“Financial fraud is global industry reality. Adopting industry best practices, creating regulatory systems and developing technology can help tackle this issue,” he said in a statement.

Under the deal, Dubai police will electronically supply names and details of cheque defaulters to Emcredit’s database, which can be accessed by subscribers to the service.

Emcredit currently has Dubai e-Government, Dubai Public Prosecution, Dubai Real Estate Regulatory Authority (Rera), Citibank, Dubai Islamic Bank, Dubai Bank, Amlak Finance and Better Homes subscribing to its database.

The agreement will also see the future development of other fraud detection tools, the statement said.

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READERS' COMMENTS

fight cheque fraudsters
Posted by paul., Dubai, uae. on Thursday 25 September 2008 at 14:39 UAE time


Maybe they should start a list thats advertised in all local and international papers on bad payers who delay payment for months and financially cripple others in the process. I have a list we can start with of a least 20 companies here in the U.A.E. that hold off paying bills due to signatory being on vacation, or a number of other lies to prolong payment. It just makes me hate this country more. 30 days means 30 days, not 90 or 365 in some cases!!!!!

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