Regulatory Alerts2025-12-24
Added · Updated
Directions for Banking Enterprises While Assisting Customers in Declaring Foreign Exchange Receipts and Disbursements or Transactions
The document amends the Directions for Banking Enterprises While Assisting Customers in Declaring Foreign Exchange Receipts and Disbursements or Transactions, effective December 24, 2025. It requires banking enterprises to prevent declarants from splitting large settlement amounts into multiple smaller ones to circumvent regulations, specifically prohibiting transactions exceeding US$100,000 without Central Bank approval. The rules mandate that settlements under NT$500,000 are exempt from declaration statements and aggregate annual limits, while establishing specific verification and reporting obligations for entities such as listed companies, foreign diplomatic missions, and firms borrowing from or repaying overseas subsidiaries.
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