Unauthorized Transfer

Unauthorized Transfer

The illegal transfer of funds without permission from the person or company who owns the funds. Unauthorized transfers can be fairly basic; for example, one may steal and use a debit card. Often, however, unauthorized transfers involve using computer programs to find a person's financial information and conduct large transactions with that person's money. The person who owns the funds is responsible for the loss of the first $50 if he/she informs the bank within 60 days. Otherwise, he/she is responsible for the first $500. See also: Identity theft.
References in periodicals archive ?
The accused Abdul Ghaffar was one of the beneficiaries of the illegal and unauthorized transfer for funds from the bank accounts of M/s IGI Finex Securitas Pvt Ltd maintained at MCB Bank.
It said that the accused Abdul Ghaffar was one of the beneficiaries of the illegal and unauthorized transfer of funds from the bank accounts of M/s IGI Finex Securities Pvt Ltd maintained at MCB Bank.
The Complaint alleges that he further attempted to use wiping technology to cover up this unauthorized transfer of information.
Resolution 2118 said the Council "decides, in the event of non-compliance with this resolution, including unauthorized transfer of chemical weapons, or any use of chemical weapons by anyone in the Syrian Arab Republic, to impose measures under Chapter VII of the United Nations Charter.
But according to the report, "UNIFIL has neither been provided with, nor found, evidence of the unauthorized transfer of arms into its area of operations.
Specifically, the text states that "in the event of non-compliance, including unauthorized transfer of chemical weapons, or any use of chemical weapons by anyone" in Syria, the council could impose measures under Chapter 7.
The draft says the council would invoke Chapter 7 of the UN Charter, which allows punitive measures "in the event of non-compliance with this resolution, including unauthorized transfer of chemical weapons, or any use of chemical weapons by anyone in the Syrian Republic.
But Ban's report says UNIFIL "has neither been provided with, nor found, evidence of the unauthorized transfer of arms into its area of operations.
When one of the clients detected the unauthorized transfer and demanded the money be returned, Starr reimbursed that client with money siphoned from the account of another client without authorisation.
Other methods of fraud involve the use of telephone calls, SMS, forgery and unauthorized transfer deals, and abuse of ATMs or credit cards and other processes involving currency counterfeiting, robbery, embezzlement, funny money offers and money laundering.
In the first incident, there were breakdowns in leadership and safety awareness at multiple levels resulting in significant property damage from a range fire; the second incident resulted in the unauthorized transfer of nuclear weapons.
Identity theft" is the unauthorized transfer or use of "a means of identification of another person with the intent to commit.