Regulatory Alerts2026-05-28
Added · Updated
Draft Amendments to the Measures for Financial Institutions and Virtual Asset Service Providers to Prevent Fraud Crime Hazards
The Financial Supervisory Commission proposes amendments to the Measures for Financial Institutions and Virtual Asset Service Providers to Prevent Fraud Crime Hazards, expanding the scope of criteria for identifying abnormal accounts and transactions across deposit, electronic payment, credit card, and virtual asset sectors to enable early warning. The draft mandates cross-industry inquiries and joint defense mechanisms among these entities, establishes a dedicated anti-fraud platform, and clarifies procedures for account control, data retention, and the return of remaining funds or virtual assets to victims.