The FSC imposed an administrative fine of NT$12 million on Chang Hwa Commercial Bank after discovering that a former wealth manager at the bank had misappropriated customers’ funds, had engaged in abnormal fund transactions with customers, and used improper solicitation methods, in violation of Paragraph 1, Article 45-1 of the Banking Act. The administrative fine was imposed in accordance with the provisions of Subparagraph 7, Article 129 of the same Act.