Shin Kong Commercial Bank Co., Ltd fined
2019-10-17
When conducting money-laundering prevention operations, the Bank did not properly carry out customer due diligence and ongoing monitoring procedures and also failed to report large cash transactions; thus, was in violation of Article 45-1 of the Banking Act. The FSC imposed a fine of NT$4 million under Subparagraph 7 of Article 129 of the Act at the time of the conduct occurred.
Visitor:
2795
Update:
2019-10-17