‘IMMEDIATE OUTCOMES’: Anti-Money Laundering Office Executive Secretary Yu Li-chen said that the evaluation team in general, praised the nation’s preparations

Taipei Times
Date: Nov 16, 2018
By: Kao Shih-ching  /  Staff reporter

The Asia/Pacific Group on Money Laundering is to announce key findings in its evaluation of Taiwan today, without revealing its rating, but the government is still upbeat about the results, Anti-Money Laundering Office Executive Secretary Yu Li-chen (余麗貞) said yesterday.

From Monday last week to Wednesday, the nine-member team conducted 90 interviews with representatives of government agencies and financial institutions for the nation’s third round of evaluations, and had an internal meeting yesterday, Yu said.

The group evaluated banks recommended by the Financial Supervisory Commission and added three other institutions — Bank of Taiwan (台灣銀行), Hua Nan Commercial Bank (華南銀行) and Chunghwa Post Co (中華郵政), Yu told the Taipei Times by telephone.

Local media have reported that the group carried out a snap check of Bank of Taiwan’s branch at Taiwan Taoyuan International Airport.    [FULL  STORY]