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Major Enforcement Actions

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Taipei Fubon Commercial Bank was fined

A former employee from the Beitou branch and a former Customer Relationship Manager from the Anhe branch of Taipei Fubon Commercial Bank Ltd., Co. misappropriated clients’ funds. The deficiencies were in violation of Paragraph 1, Article 45-1 of the Banking Act and disturbed the sound operation of the bank. Therefore, the FSC imposed a fine of NT$4 million on Taipei Fubon Commercial Bank and ordered correction in accordance with Subparagraph 7, Article 129 and Paragraph 1, Article 61-1 of the same Act respectively; the FSC also ordered the bank to discharge the two aforementioned employees in accordance with Subparagraph 3, Paragraph 1, Article 61-1 of the Banking Act.

Visitor: 1084   Update: 2018-12-05