28.04.2022
Bad checks worth €438,000 were presented to Cypriot banks in April, according to data released by the CBC on Wednesday. This is the largest monthly amount of false checks submitted since at least 2020, while by comparison it accounts for more than half of the total number of false checks submitted for all of 2020.
In January 2022, the total amount of outstanding checks was €149,558, in February it was €93,811 and in March it was €64,852. In total, outstanding checks were presented in 2021 in the amount of 933,945 euros.
According to the CBC, the number of individuals and legal entities registered in the preliminary list from January to April 2022 is 81 people, and 69 people were registered in the Central Information Archive (CAI) for the same period.
The preliminary list includes all unsecured checks presented to banks and cooperative credit institutions, i.e. all checks that, at their last presentation and after 15 days from the moment of the first presentation, remain unpaid due to the absence or insufficiency of free funds of their issuer.
Individuals or legal entities that have issued false checks and have been registered on the preliminary list are automatically transferred to the main case if they meet the registration conditions provided for by the relevant Rules, i.e. if they have issued three or more false checks regardless of the amount or if they have issued an unpaid check or unpaid checks totaling more than 2,000 euros.
