Regulatory Alerts2026-08-13
Added · Updated
Draft Amendment to Articles 7, 14, and 18 of the Measures for Anti-Money Laundering and Combating the Financing of Terrorism by Entities or Personnel Providing Virtual Asset Services
The draft amends Article 7 to require virtual asset service providers (VASPs) acting as transferors to obtain specific sender and receiver information, and introduces new obligations for VASPs acting as receivers to verify this information for transfers exceeding NT$30,000. It also adds a requirement for VASPs to implement risk-based policies to identify, refuse, or suspend transfers lacking necessary information. Article 14 undergoes minor textual adjustments to align with the Article 7 changes, while Article 18 is amended to establish a separate implementation date for the new Article 7 provisions, which will be determined by the Financial Supervisory Commission upon recommendation by the Virtual Currency Business Association.