Don't bounce that cheque!

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The National reported today that banks in Dubai will within six months be able to report bounced cheques directly to the police, and that the system could eventually be used nationwide. The usual technical details are being ironed out, but once they are resolved it will be much easier for financial institutions to deal with cases of rubber cheques. And since the offence is punishable by prison sentences, make sure you stay on the right side of the law.