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KUWAIT CITY, Nov 22: The Kuwait Banking Association has warned against publishing any commercial advertisements in the print, audio and visual media that affect the activities of banks or bear their trademarks, in order to preserve the stability of the banking sector and the national economy, after it was noticed recently that advertisements spread on social networking sites from suspicious fake accounts impersonating banks and communicating with customers informally, claiming investment opportunities,promoting loan rescheduling or arranging operations and using the names of banks, their representatives and logos within those advertisements, reports Al-Qabas daily.
The association has also warned of the consequences of advertisers violating the provisions of Law No. 3 of 2006 regarding publications and publishing and its amendments, Ministerial Resolution No. 50 of 2010 regarding the ban on publishing and broadcasting commercial advertisements, and Law No. 63 of 2015 regarding combating information technology crimes and others and everything that would lead to undermining confidence in the country’s economic situation, stressing that the association will not hesitate to take the necessary legal measures against anyone who publishes false news in the name of member banks.
The Secretary-General of the association, Dr. Hamad Al-Hassawi, confirmed that the banks…
