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Major Enforcement Actions

FSC imposes fine on Taishin International Bank

The FSC recently imposed a fine on Taishin International Bank after discovering that a former relationship manager at the bank had engaged in abnormal fund transactions with customers. These failures constituted violations of Article 45-1, Paragraph 1 of the "Banking Act" as well as Article 3 and Article 8 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$8 million on the bank in accordance with Article 129, Subparagraph 7 of the same Act.
Visitor: 1702   Update: 2023-08-09
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