Taiwan improves standing for its efforts against money laundering

Anti-money laundering rating will help Taiwan's international position

Taiwan News
Date: 2019/06/29
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Following three rounds of assessment for its efforts against money

laundering, Taiwan has ended in the best possible category, the Cabinet’s Anti-Money Laundering Office said.

The Asia/Pacific Group on Money Laundering upgraded the island country from its “enhanced follow-up” list to its top “regular follow-up” list after a peer review, the Central News Agency reported.

The outcome was important because it showed Taiwan complied with international standards in the fight against criminal and terrorist money laundering, thus giving it a better position to engage in international finance, and even improving its chances of joining international organizations.
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