Saudi Cheque System by Royal Decree consider crime

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Saudi Arabia cheque system considering a bounced cheque (check) with insufficient funds as a criminal act and will punish. As per the Royal Decree and commercial paper announcing the Saudi Cheque system ref 37 with the amendment of Article 118, Article 119 and Article 120.
Saudi Cheque Article updates
Saudi Cheque Article updates

The change is in the light of complaints and increasing numbers of bounce cheque due to insufficient funds. Sometimes issuing the cheque with adequate funding but quickly withdrawing the amount after issuing the cheque considering as the fraudulent act.

Such cases and the complaint will be regarded as strictly against the bank account owner. The first act will face maximum in prison in jail for three years and fine amounting up to 50,000 SAR. In some cases either one of the punishment or both in some cases. If recommit or repeat the same crime then punishment in jail 3 to 5 years and 100,000 SAR fine (one or both)

Saudi Cheque System Article 118

Article 118:

  1. Issuing a cheque with insufficient or no coverage.
  2. After issuing a cheque disposes of some or all of the coverage in such a manner as to prevent payment of the cheque.
  3. Ordering non-payment of a cheque.
  4. Intentionally writing the cheque in such a manner as to prevent payment.
  5. Issuing or endorsing a cheque with insufficient or no coverage.
  6. If the payee or the bearer receives a cheque with insufficient or no coverage.

Saudi Cheque system Article 119

Article 119: Any drawer who intentionally dishonors a cheque even though this cheque was properly drawn, sufficient funds existed in the drawer’s account and the cheque was not contested shall face up to 100,000 Saudi Riyals and the payee shall be compensated for the damage incurred.

These penalties shall be levied against any drawer who intentionally issues a cheque with insufficient funds

Saudi Cheque System Article 120

  1. The article explaining the crimes with penalty max up to 10,00 Saudi Riyals if found guilty in one of the following actions.
  2. Issuing cheque without any date or in some cases with the wrong date deliberately and with the intention of false doing.
  3. Issuing or drawing the cheque outside the related bank.
  4. Proud or accepting the false act such as undated cheque to the beneficiary.
  5. Article 120: Anyone who commits one of the following crimes shall be fined up to 10,000 Saudi Riyals:
  6. Issuing an undated cheque or a cheque with a false date of issuance.
  7. Drawing a cheque outside a bank.
  8. Honoring an undated cheque or accepting such a cheque as compensation.

Saudi Cheque System Article 121

  1. Publically issuing the name of the individuals or to media circulating in public. It is to be considered by the court judge to rules how and where the name publishes publically. The act regarding shaming to stop the acting permanently in public.
  2. Article 121: The names of individuals convicted in accordance with this system can be published. The court judgment will outline how their names would be published.
  3. Such action against the fraudulent or violator will stop issuing any further cheques with no funds due to avoid defaming their name in public.

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HowGear: Saudi Cheque System by Royal Decree consider crime
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