The “Fintech 2025” strategy seeks the comprehensive adoption of technology in the financial sector by 2025 through a focus on five key areas.
A second draft of legislation aimed at countering US sanctions has reportedly been filed and is expected to be voted on soon.
A new MOU establishes a collaborative framework which will ultimately provide better investor protection through high quality financial reporting.
Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
The cap on the special loan package for SMEs is being raised from TWD 300 billion to TWD 400 billion, with room for further increases if necessary.
Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.
Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.
The SFAT concluded that the former UBS banker cannot be held personally responsible for the failings of the China Metal Recycling transaction team.
The MOU will facilitate mutual assistance, supervisory cooperation, and effective enforcement in the securities markets.