FSC imposes sanctions on Hua Nan Commercial Bank
2022-06-24
The FSC recently discovered that a former employee of Hua Nan Commercial Bank had misappropriated customer deposits and tax payments in a manner that revealed a failure to properly establish and sufficiently implement internal controls and constituted a violation of Article 45-1, paragraph 1 of the "Banking Act." The FSC therefore imposed an administrative fine of NT$4 million on Mega International Commercial Bank in accordance with subparagraph 7 of Article 129 of the same Act.
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2224
Update:
2022-06-24