Regulatory Alerts2026-05-15
Added · Updated
Taipei Commercial Bank Fined 32 Million NTD for AML and Internal Control Deficiencies
The Financial Supervisory Commission imposed a 32 million NTD fine on Taipei Commercial Bank for failing to establish and execute adequate internal controls and anti-money laundering mechanisms. The bank's ten branches neglected proper customer due diligence, transaction monitoring, and suspicious activity reporting during corporate account openings and ongoing operations. This penalty addresses violations of the Banking Act and the Financial Institutions Anti-Money Laundering Measures regarding risk management and regulatory compliance.
More like this from FSC
FSC published 8 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share