Dagens industri: Machine Registry Targets Fraud in Contracting Industry

Sweden is implementing a new machine registry to combat widespread fraud in the contracting industry. This initiative directly addresses schemes where heavy machinery is fraudulently used as collateral to secure multiple loans from different lenders simultaneously. These activities, particularly prevalent in the Luleå region, have resulted in significant financial losses for banking institutions. The machine registry aims to prevent this "multi-lending" fraud by establishing a centralized database for heavy equipment. This system is designed to ensure a single machine cannot be used to secure multiple loans, thereby enhancing security for financial institutions and mitigating the costly fraud that has plagued the industry.