UAE banks told to make credit checks on customers before issuing cheque books

UAE banks told to make credit checks on customers before issuing cheque books

DUBAI (Rahnuma) : The United Arab Emirates central bank has told banks to carry out credit checks with the country’s credit bureau on customers before issuing them with cheque books, the regulator said on Monday.

The central bank said it had told banks in a circular to issue new customers with a cheque book containing a maximum of 10 individual cheques.

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