HALISTER1: Mega Says It Will Cooperate With Taiwan Probe After U.S. Fine

Mega Says It Will Cooperate With Taiwan Probe After U.S. Fine

(Bloomberg) -- Bank unit will cooperate with investigation by Taiwan’s Financial Supervisory Commission, Finance Ministry and Justice Ministry, and New York Dept of Financial Services, Chen Sung-hsing, executive vice president of parent Mega Financial, says by phone.
  • Bank’s New York branch didn’t have a compliance system
  • Mega isn’t involved in any money laundering and is committed to enhancing its compliance system: Chen
  • NOTE: Taiwan to Investigate Mega Bank After U.S. Fine Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2886 TT (Mega Financial Holding Co Ltd)

People
Chen Sung-Hsing (Mega Financial Holding Co Ltd)

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