HALISTER1: MORE: Taiwan Premier Asks Task Force to Probe Mega Case Details

MORE: Taiwan Premier Asks Task Force to Probe Mega Case Details

(Bloomberg) -- Govt task force seeks to clarify accountability of Mega Bank case in 2-3 weeks, Premier Lin Chuan says.
  • Mega Bank executives are visiting N.Y., Panama branches to communicate with authority on related subjects
  • Lenders’ N.Y. branch was fined for notification issue; Taiwan can’t confirm whether the bank was involved in money laundering immediately
  • Lessons learned as banks need to improve anti-money laundering measures, regulation compliance, internal audits: Lin
  • NOTE: Mega Fined $180m by N.Y. Over Anti-Money Laundering Law Link
  • NOTE: Taiwan Regulator to Inspect Mega Bank’s N.Y., Panama Branches Link
  • NOTE: Mega NY Fine Caused by Branch Exec.’s Rule Unfamiliarity NSN OCCQI56K50XX
Story Link:NSN OCPRNI6TTDSJ
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2886 TT (Mega Financial Holding Co Ltd)

People
Lin Chuan (Taiwan)

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