Regulatory Alerts2026-07-06
Added · Updated
FSC imposes administrative penalty on CTBC Bank for deficiencies involving a former employee's misappropriation of ATM Settlement Funds and FISC Settlement Funds
The Financial Supervisory Commission imposed a fine of NT$4 million on CTBC Bank for deficiencies in its internal control system, which led to a former employee misappropriating approximately NT$2.97 million in ATM and FISC settlement funds between November 2024 and August 2025. The bank failed to establish comprehensive control mechanisms for long-outstanding settlement funds and for detecting abnormal concentrations of refunds, and also failed to fully implement random sampling and review mechanisms for settlement fund refunds. As a result, CTBC Bank must report the negligent employee and upload the case details to the Bankers Association's website for other member institutions' reference.
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