If account balances aren’t tied to physical cash, what prevents digital manipulation?

Asked Jan 1, 2013· 1 answer

Faisal KhanAnswered Jan 1, 2013

The following prevents it...

Internal Audit and processes
External Audits
Daily Reporting to Central Bank for money position.
Internal checks and controls in the Core Banking to prevent such transactions (4-Eyes, 6-Eyes).

Banks Commercial Banking Core Banking Systems Bank Records

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