FSC imposes sanctions on Mega International Commercial Bank
2021-07-01
The FSC recently discovered deficiencies in Mega International Commercial Bank's handling of mortgage loan business that revealed a failure to properly establish and sufficiently implement internal controls in a manner that violated Article 45-1, paragraph 1 of the "Banking Act." The FSC therefore imposed an administrative fine of NT$10 million on Mega International Commercial Bank in accordance with subparagraph 7 of Article 129 of the said act.
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Update:
2021-07-01