Electronic Banking Law

Euromoney Learning Solutions

Euromoney Learning Solutions

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About the course

Course Overview:

  • introduces the law and practice on e-banking
  • examines the legal issues of EFT and the evidential issues which may arise
  • explores the various legal aspects of specific EFT transactions and internet banking
  • deals on confidentiality and banking secrecy requirements and data protection
  • addresses the current pertinent legal and practical issues on financial crimes, Money Laundering and Financing of Terrorism in e- and internet banking and the management of these risks are addressed

Learning Outcomes:

  • Acquiring knowledge on legal issues on e- and internet banking
  • Examination of legal aspects on the various EFT transactions
  • Reinforces the importance of the maintenance of confidentiality and banking secrecy as well as data protection
  • Creation of awareness of fraud risks and the risks of electronic banking as a conduit for money laundering and terrorism financing

Agenda

Day 1

Introduction & Law

  • Technological Developments in Banking
  • The Electronic Banking revolutions

Legal Issues of EFT

  • What is EFT and Examples
  • Relevant Laws on EFT and Electronic Banking
  • Electronic Funds Transfer Systems
    • Introduction, Consumer E-Banking, Corporate E-Banking, Inter-bank E-Banking, Products,
  • Legal nature of EFT, Agency relationship, Time of payment, Countermand, Recovery of incorrect payments.

Legal aspects of Specific EFT Transactions

  • Telegraphic Transfers, SWIFT transfers
  • ayments and Settlements System
  • Electronic Cheque Clearing system
    • Cheque Truncation and Imaging,
  • Computerisation in Banking
    • ATM Cards, EFTPOS, SMART Cards and E-Purse, Credit Cards and Electronic Money, Home, Phone, Computer and Internet Banking,
  • International Money Transfers and M-Payments.

Confidentiality and data protection

  • Duties of bankers - Secrecy
  • Data Protection

Day 2

Financial Crimes in electronic and internet banking

  • Types and Forms of E-banking and internet Banking Frauds
  • Detection and Prevention and Frauds

Money laundering and financing of terrorism in electronic and internet banking

  • Anti-Money Laundering and Combating the Financing of Terrorism
  • How E-Banking is vulnerable to ML/FT
  • The problem internatinally
  • Risks
  • International initiatives
  • Role of Regulators and Supervisors

Financial Crimes in electronic and internet banking (cont.) - Risk Management and Compliance

  • Managing Fraud and Money Laundering and Terrorism Financing Risks in Electronic and Internet Banking;
  • Compliance Programmes ni Banks and Meeting Regulators' Requirements and Expectations

Experts

Mei Pheng Lee

Upon graduating from the University of Malaya with a First Class Honours in 1983, Datin Dr Lee became a fellow and tutor at the Law Faculty, University of Malaya. In 1985, Datin Dr Lee joined the Overseas Chinese Banking Corporation (OCBC) as Head, Legal Department and served as Assistant Vice Pr...

Videos and materials

Electronic Banking Law at Euromoney Learning Solutions

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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