These Regulations, consisting of 11 Articles, are enacted in accordance with the Money Laundering Control Act. The term “agricultural financial institution” used in these Regulations include the credit departments of farmers’ associations, the credit departments of fishermen’s associations and the Agricultural Bank of Taiwan. An agricultural financial institution should assess money laundering or terrorist financing (ML/TF) risks before launching new products or services or new business practices and establish relevant risk management measures to mitigate identified risks. The ML/TF risk identification, assessment and management shall cover at least customers, geographic areas, products and services, transactions or delivery channels.
Provincia china de Taiwán · 2018-12-27