Taiwan yesterday signed a memorandum of understanding (MOU) with Saint Lucia Monday on cooperation in the battle against money laundering, the funding of terrorism and other major forms of financial crime.
Premier Lin Chuan (林全) has instructed an office be set up to strengthen money laundering prevention and control in Taiwan, Cabinet spokesman Hsu Kuo-yung (徐國勇) said yesterday.
China’s state prosecutor on Friday formally accused a former deputy head of China’s Taiwan Affairs Office with bribery and abuse of power, setting the stage for his trial.
Ministry of Justice Investigation Bureau officer Yang Chao-chung (楊肇忠) was yesterday charged with offences stemming from the alleged orchestration of an insider trading scheme involving Phison Electronics Corp stock.
An amendment to the Money Laundering Control Act (洗錢防制法) was passed by the Legislative Yuan on Friday, widening the scope of professions required to report any suspicious financial transaction by their clients to the authorities.
Taiwan has expressed its “stern opposition” to Malaysia’s deportation of 21 Taiwanese suspected of multi-million dollar telecoms fraud to China.
Police announced on Thursday that they recently smashed a Tainan-based telecommunication fraud ring suspected of targeting people in China and
The chairman of Taiwan’s Financial Supervisory Commission (FSC) stepped down on Monday as criticism grows over the watchdog’s effectiveness after
Taiwan’s Mega Financial Holding Co said its chairman has resigned, seeking to quash speculation that he could influence a domestic
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European Supervisory Authorities warn on money laundering and terrorist financing risks affecting the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European ...
China has appointed Guo Shuqing as the new head of the banking regulator, according to people familiar with the matter. Having spent much of his life working on transforming the nation’s financial system, Guo, 60, faces daunting tasks ahead as he takes on oversight of the world’s largest banking industry by assets.
The regulations apply to all-cash buyers using shell companies in places like New York City, Miami and Los Angeles.
Just 215 wealthy people were granted an investor visa for the U.K. last year after the government doubled the investment needed to 2 million pounds ($2.5 million) and introduced new money-laundering checks in 2014.
Capital One Financial Corp. is under investigation for its anti-money-laundering program, according to the company’s annual securities filing.