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 ?
Around the exit of the visitor tunnel on the ramp, an overhead security area with two security boundaries is established to prevent the mixing of controlled visitors and uncontrolled passers-by and the unauthorized transfer of objects west of the Reichstag building on the square of the republic.
The Ninth Circuit interpreted this wording as requiring an unauthorized transfer, which is consistent with the computer fraud jurisprudence requiring an element of unauthorized access or a hacking incident.
204(1) eliminates interest to the customer on the refund amount if the customer fails to exercise ordinary care to discover the unauthorized transfer and to notify the bank of the relevant facts within a reasonable time not exceeding 90 days after the customer received notice of the transfer.
The Security Council backed that deal with a resolution that said in the event of non-compliance, "including unauthorized transfer of chemical weapons, or any use of chemical weapons by anyone" in Syria, it would impose measures under Chapter 7 of the U.
They faced charges of lack of candor, misrepresentation and unauthorized transfer of control, among others.
cleared Tan of any knowledge, involvement or participation in the unauthorized transfer to RCBC of funds stolen from Bangladesh Bank.
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.
i]f the employer has specific information about an unauthorized transfer of the employer's proprietary information, confidential information, or financial data to an employee's or applicant's personal online account.
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.