Mega International Commercial Bank Co., Ltd. was fined
A former wealth management specialist of Mega International Commercial Bank misappropriated clients’ funds. The deficiencies were in violation of Paragraph 1 of Article 45-1 of the Banking Act and disturbed the sound operation of the bank. Therefore, the FSC imposed a fine of NT$6 million on the bank in accordance with Subparagraph 7 of Article 129 of the same act. In addition, the bank was issued a reprimand and ordered to discharge the aforementioned employee in accordance with Paragraph 1 of Article 61-1 of the same act.