APG draft anti-money laundering report on Taiwan expected Friday

Focus Taiwan
Date: 2018/11/14
By: Ku Chuan and Evelyn Kao

Taipei, Nov. 14 (CNA) The Asia/Pacific Group on Money Laundering (APG) will issue

CNA file photo

a preliminary report at the end of the week on anti-money laundering practices in Taiwan, having concluded an evaluation on Wednesday, the Cabinet said.

On Nov. 5, a team of nine people from the APG started the two-week peer review process, which included a number of government agencies and private entities in the financial sector, the Cabinet said.

It said Mega Bank, Chunghwa Post Co., and the Agricultural Bank of Taiwan were among the 10 financial institutions evaluated, along with three accounting firms and two law firms.

The APG team also visited the Anti-Money Laundering Division in the Ministry of Justice’s Investigation Bureau to learn how it deals with financial intelligence and related data, according to the office.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.