Regulatory Alerts2026-08-31
Added
Amendment to Certain Articles of the Regulations Governing Deposit Accounts and Their Suspected Illegal or Obviously Abnormal Transactions
The amendments to the Regulations Governing Deposit Accounts and Their Suspected Illegal or Obviously Abnormal Transactions expand the scope of Category 2 accounts for early warning of suspicious activities and modify notification procedures for warning accounts. Banks are now required to notify an institution designated by the competent authority (instead of the Joint Credit Information Center) regarding warning accounts and may notify the Taiwan High Prosecutors Office for urgent Category 2 account issues. Article 7, which covered joint defense notification and fund freezing, is deleted due to comprehensive provisions in the new Regulations on Anti-Fraud Crime Prevention and Control for Financial Institutions and Virtual Asset Service Providers or Personnel, enacted November 29, 2024. Additionally, provisions for warning accounts notified before January 1, 2015, are removed as their warning periods have expired, and Article 11 is revised to specify that existing procedures for returning remaining funds apply to warning accounts notified before March 31, 2025, while new procedures from the aforementioned anti-fraud regulations apply to accounts notified from April 1, 2025, onwards.
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