Thursday, 14 September 2017

Emirates NBD chief sparks fresh debate over bounced cheques - The National

Emirates NBD chief sparks fresh debate over bounced cheques - The National:

"Banks and senior legal figures are divided over whether bouncing a cheque should remain a criminal offence, with some calling for the law to be axed and others warning the move could send the wrong signal to scammers and fraudsters. The CEO of Emirates NBD sparked a renewed debate of the issue when he told a radio station recently that he did not believe it was right that the action could land someone in jail. But Shayne Nelson drew a clear distinction between account holders that could be punished for making a genuine mistake and fraudsters that use dud cheques to rip people off. "



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