Saudi Arabia's commerce and industry ministry has begun implementing a new law under which issuers of bad cheques will face up to SR50,000 ($13,330) in fines and a three-year prison term, Arab News has reported. If the offence is repeated within three years the fine will climb up to SR100,000 while jail term will be increased to a maximum of five years. "The law outlines six situations in which victims can take legal action against the issuer. These include a cheque bouncing due to insufficient funds, withdrawal of a part of the deposit by the issuer after issuing the cheque, asking the bank not to honour the cheque, or putting a wrong signature on the cheque to ensure it is not processed," Abdul Aziz bin Kulaib, assistant undersecretary for legal affairs at the ministry said.
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