The FSC recently imposed a fine on CTBC Bank for improper handling of customer requests to raise the daily limit on Internet bank account transfers and the daily limit on ATM cash withdrawals. The improprieties revealed the bank's failures to confirm the reasonableness and authenticity of customer requests to raise such limits, properly manage employee behavior, and establish a proper internal control system. These failures are in violation of Article 45-1, Paragraph 1 of the "Banking Act" as well as Article 3 and Article 8, Paragraph 3 of the "Implementation Rules of Internal Audit and Internal Control System of Financial Holding Companies and Banking Industries," enacted in accordance with Article 45-1, Paragraph 1 of the "Banking Act." The FSC imposed an administrative fine of NT$20 million on the bank in accordance with Article 129, Subparagraph 7 of the same Act.