Kuwaiti banks are preparing to adopt a new punitive mechanism, through which customers suspected of forging their loan papers and documents will be denied access to any new financing, pending the completion of the investigation.
Sources revealed that “the black list of loans will not be limited in the future to the inclusion of the names of forgers only, but will also include the suspects,” pointing out that “according to this mechanism, the names of customers suspected of obtaining loans based on forged papers will be included on the credit information network (SAI). Net), so that their names will be circulated to all financing agencies,” according to Al-Rai newspaper.
She explained that “the papers intended include a salary certificate, work continuity, and other documents that customers need to submit to banks in order to obtain loans, or papers submitted in the name of fictitious companies.”
She pointed out that “just as all units of the banking and financial system are obligated to refer to the (Scinet) network to indicate whether the applicant has the right to obtain a loan or increase his financing area, or if he has exhausted the maximum limit for his lending and his installment, it will also have to refer to the network to ascertain whether The customer is suspected of having forged any of the documents required to obtain a loan with another financing body or not.
The sources stressed that “according to this mechanism, if the name of the customer is included in the list of suspected forgeries, he will be prevented from obtaining any new financing, or restructuring his loan, until the investigation is completed.”