Kuwat: Payment proof required for transferring car to another person name

Kuwat: Payment proof required for transferring car to another person name

Kuwat: Payment proof required for transferring car to another person name

Assistant Undersecretary for the Traffic Sector, Major General Jamal Al-Sayegh, issued a decision not to transfer the ownership of a vehicle until after verifying the mode of payment to purchase the car by the buyer.

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The buyer has to provide a copy of the cheque, cash receipt, or a bank transfer certificate to the authorities for name transfer.

According to report, this decision has been made to put a curb on money laundering operations that take place as luxury vehicles in recent times have been bought and sold through cash payment.