Regulations Governing the Handling of Counterfeit Foreign Coins and Notes

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Title：

Regulations Governing the Handling of Counterfeit Foreign Coins and Notes

Inactive Regulations

Announced Date： February 29, 1972

Amended Date： December 30, 2002

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Article 1

These Regulations are prescribed pursuant to Article 18-2 of the Central Bank of the Republic of China Act (Taiwan).

Article 2

Where the total value of the counterfeit foreign coins and notes used for exchange equals or exceeds United States dollars 200, the handling financial institutions and other enterprises authorized by the Central Bank of the Republic of China (Taiwan) to engage in foreign exchange business (hereinafter collectively referred to as the "handling institutions") shall immediately record the real name, occupation and address of the bearer, and notify police authorities for investigation.

Article 3

Where the total value of the counterfeit foreign coins and notes used for exchange is less than United States dollars 200, after ascertaining that the bearer indeed does not use them under malicious intent, the handling institutions may explain the situation to the bearer and stamp the coins and notes void in the bearer's presence, and retain the original items while issuing a receipt to the bearer.

Article 4

The counterfeit foreign coins and notes detained by the handling institutions may be turned over to the Investigation Bureau of the Ministry of Justice or the International Criminal Police Organization for examination and investigation if necessary.

Article 5

Provisions of these Regulations shall apply to foreign travelers that hold and exchange counterfeit foreign coins and notes.

Article 6

These Regulations shall become effective on the date of promulgation.