The Supreme Court of Kazakhstan has proposed introducing a law that would require credit institutions to write off loans taken out by fraudsters in citizens' names.
"One of the key steps proposed at the meeting is the introduction of a legally established obligation for banks and microfinance organisations to write off debts if the court determines that the loan was obtained fraudulently without the client's involvement. According to experts, this will not only protect affected citizens but also encourage banks to strengthen security measures when issuing loans.", reports Lada.kz, citing the agency.
At the same time, the judges propose introducing mandatory biometric authentication for online lending and restricting online lending for pensioners and vulnerable groups of the population.
The Supreme Court noted that the number of cases related to internet fraud is growing each time. This year, their number has increased by 270% compared to 2022.
"Often, victims, under the influence of fraudsters, take out bank or microfinance loans in their own name, and sometimes even sell property to transfer money to scammers," the statement says.
Recall that earlier, Vice Minister of Digital Development, Innovation and Aerospace Industry Askhat Orazbek stated that Kazakh citizens will now receive phone numbers through the eGov portal or the eGov Mobile app. At the same time, the agency plans to restrict the use of multiple SIM cards by one person. According to Orazbek, such initiatives will help protect citizens from fraudsters.