Taiwan Legislative Yuan approves anti-money laundering rules
April 15th, 2009
The Taiwan News
The Legislative Yuan yesterday approved amendments allowing the government to freeze accounts suspected by the United Nations of usage for terrorism or money laundering.
The changes to rules on foreign exchange management and international financing stipulate that once the U.N. has made a decision, Taiwan’s Financial Supervisory Commission and the Central Bank can request the approval of the Executive Yuan to prevent money from leaving certain accounts in order to prevent money laundering or other illegal practices.
Continue reading the article at eTaiwanNews.com