The FSC recently imposed sanctions on Taishin International Bank after discovering that the bank, in collecting on overdue accounts and conducting its lending business, had used improper methods in seeking to collect payments from a third party other than the debtors or their guarantors, and had failed to establish internal controls for authorizing sales representative to adjust the approved interest rate (fees). These deficiencies revealed that the bank had failed to establish proper internal control systems in violation of Article 45-1, paragraph 1 of the "Banking Act" as well as Article 3 and Article 8, paragraph 3 of the "Implementation Rules of Internal Audit and Internal Control System of Financial Holding Companies and Banking Industries," enacted in accordance with Article 45-1, paragraph 1 of the "Banking Act." The FSC imposed an administrative fine of NT$10 million on the bank in accordance with Article 129, subparagraph 7 of the same Act.