Financial fraud skyrockets: 136 cases worth 185,500 dinars in 17 days

Financial fraud skyrockets: 136 cases worth 185,500 dinars in 17 days

Public prosecution issues strong warning on unreliable transactions amidst surge in financial fraud reports.

KUWAIT CITY, Dec 28: The Public Prosecution has officially launched a virtual platform to combat instances of financial fraud and money laundering, in collaboration with the General Department of Criminal Investigation and the Kuwait Banking Association. The recorded number of financial fraud reports from December 7 to December 23 this year has surged to 136, involving a cumulative sum of 185,500 dinars.

In response to this, the Public Prosecution issued a stern warning against engaging in financial transactions with untrustworthy entities for any purpose. This includes utilizing bank links, receiving payments, or completing sales, as such activities may lead to the suspension of bank accounts until the legitimacy of these transactions is thoroughly verified. Emphasizing the need for caution, the Public Prosecution urged individuals who discover unauthorized deductions or transfers from their accounts to promptly contact their respective banks and report the incidents.

The post Financial fraud skyrockets: 136 cases worth 185,500 dinars in 17 days first appeared on ARAB TIMES – KUWAIT NEWS.

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