Suchergebnisse

E-commerce involves not only banks and their customers, but also many third parties. The personal information detained by banks related to customers and their transactions change hands several times in the course of an electronic financial transaction. This information has to be protected by not only an institutional regulation but through an elaborated government law. The key challenge for e-banking is how to ensure proper legal protections for electronic financial transactions for both in local market and for cross-boarder transactions. The reliance on technology for the delivery channel of providing different electronic banking services is a considerable concern faced by regulators and e-banking supervisors. Indeed, the risks of data leakage and distortion are sufficiently high to warrant adequate legal and technical protection. An adequate Internet infrastructure as well as a legal and regulatory framework needs to be put in place by legal authorities in order to achieve an adequate sensitive information protection. This article attempts to highlight the importance of the legal aspect in electronic banking and to explore legal framework in force internationally and in Morocco particularly.