With the development of network technique and information technology in themodern society, electronic has extended to every aspect of life. The financial sectoralso joined the electronic boom. The Banks have launched the network bank businessone by one, and electronic funds transfer is one of the important links in the networkbank business. The new financial reform provides a new way to make traditional flowof capital transform into the date changes on the customers’ access tool, and makepeople’s financial transaction settlement to be "paperless" which brings a greatconvenience to people’ life. With the expansionary development of the new financialreform, many new law and legal risks inevitably raise. So the scholar experts pointtheir attentions and explorations to the problems about how to keep the security of thecustomers’ information, how to deal with the loss which reasons of the error operationby the bank and how to prevent the electronic funds transfer being one of the ways tomoney laundering by the criminals.To solve these problems, we should first to know the legal concept of theelectronic funds transfer, and understand the based relationship between the parties.By searching and learning the Legal Norm about the electronic funds transfer, weidentified a few questions, such as unauthorized transfer responsibility mechanism,the processing method of the error operations by the financial institutions, and theanti-money-laundering measures regulatory by financial institutions. In these areas,the United States, Britain and the United Nations Commission on InternationalTrade Law have advanced legislative experience. And they have a certain impact inthe world around. Therefore, using the foreign legislation and the judicial practiceexperience of other countries for reference and basing on the practice of our country,we should re-examine our legislative situation about the electronic funds transfer inorder to improve the Law Norms to solve these problems. |