What is Banking Offence?
Definitions:
Any unauthorized activities that make losses to the banking system is known as Banking Offence.
It is also known as banking fraud.
Banking fraud is the use of potentially illegal means to obtain money, assets and other property owned by financial institutions.
Definitions:
Any unauthorized activities that make losses to the banking system is known as Banking Offence.
It is also known as banking fraud.
Banking fraud is the use of potentially illegal means to obtain money, assets and other property owned by financial institutions.
Banking offence activities?
- Violation of banking norms and rules
- Wrong valuation
- Misuse of banking means, property and resources
- Unauthorized withdrawal and payment
- Unauthorized act against the interest and right of depositors and shareholders
- Misuse of authority
- Misuse of credit
Banking Offence activities listed by BOP Act 2064
To control these activities Banking Offense and Punishment Act is formulated in Nepal.
0 Comments