The FSC conducted a targeted examination for "Anti-Money Laundering (AML), Counter Terrorism Financing (CFT), and Counter Proliferation Financing (CPF)" on Citibank Taiwan, as well as a full-scope examination. The AML/CFT deficiencies found in these examinations constituted violations of Article 45-1, paragraph 1 of the "Banking Act of the Republic of China", and the bank was imposed an administrative fine of NT$10 million in accordance with Article 129, subparagraph 7 of the same Act.