In a targeted examination, the FSC found that when handling anti-money laundering, counter financing of terrorism and counter proliferation matters, Taipei Fubon Commercial Bank was in violation of Article 7 of the Money Laundering Control Act and Paragraph 1 of Article 45-1 of the Banking Act and gave rise to the concern about its sound operation. The FSC thus imposed a fine of NT$6 million and issued a reprimand under Subparagraph 7 of Article 129 of the Banking Act and Paragraph 1 of Article 61-1 of the same act at the time the conduct occurred.