Gov’t launches Anti-Money Laundering Office

The China Post Friday
Date: March 17, 2017
By: Stephanie Chao

TAIPEI, Taiwan — The Anti-Money Laundering Office (洗錢防制辦公室) was officially

Premier Lin Chuan, third left, oversees a ribbon-cutting ceremony launching the Executive Yuan’s Anti-Money Laundering Office on Thursday, March 16. (Photo courtesy of the Executive Yuan)

opened Thursday, with the Justice Ministry announcing that regulations to monitor specific government officials, lawmakers and individuals with close ties could be rolled out to crack down on crime.

A newly revised Money Laundering Control Act was passed by the Legislature this January and will come into effect on June 28. The office will form part of the Tsai administration’s latest efforts to roll out measures in order to force adherence to the law

Government officials have noted the need to open such an office due to Taiwan’s poor performance in the Asia/Pacific Group on Money Laundering review.  [FULL  STORY]

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