HALISTER1: Hua Nan Bank Denies Reports of Money Laundering at NY Branch

Hua Nan Bank Denies Reports of Money Laundering at NY Branch

(Bloomberg) -- Hua Nan Commercial Bank’s New York branch wasn’t involved in any money laundering, parent Hua Nan Financial Holdings says in statement to Taiwan stock exchange on Oct. 22.
  • Lender will make improvements on any feedback from regulator’s routine audit
  • NOTE: The New York State Department of Financial Services is reviewing any failings by the bank on money- laundering controls, Taipei-based Apple Daily reported Oct. 22
To contact the reporter on this story: Adela Lin in Taipei at alin95@bloomberg.net

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2880 TT (Hua Nan Financial Holdings Co Ltd)

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