E-FRAUD FINES COULD REACH UP TO SR5 MILLION

The Public Prosecution in Saudi Arabia has identified 4 electronic offences with potential fines of up to SAR 5 million.

The Public Prosecution has said that it is illegal to fraudulently use any e-register, e-sign, manufacture a false attestation certificate, or even use any of these with knowledge of its fraud, in accordance with article 23, No 6 of the Electronic Transactions Law in the Kingdom.

As per Article 24 of the Electronic Transactions Law, there are several consequences for electronic fraud, including a fine of up to SAR 5 million, up to 5 years in jail, confiscation of the devices used in the offence, and followed by a publication of the verdict once it has been decided.

The Public Prosecution indicated that all forms of electronic fraud are regarded as serious offences that call for arrest of the violator.

According to attorney Hisham Al-Faraj, who spoke to Al-Riyadh newspaper, Article 4 of the Penal Code for Forgery Offenses Law, which was established by Royal Decree No (11) specifies that anyone who falsely signs or provides a sign attributing a public body or to its employee with the employee’s job title shall be penalized with imprisonment between 1 and 7 years and a fine up to SAR 700,000.

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