Taiwan’s Mega Fined $180m by N.Y. Over Anti-Money Laundering Law
Source: BFW (Bloomberg First Word)
Tickers
2886 TT (Mega Financial Holding Co Ltd)
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UUID: 7947283
(Bloomberg) -- New York State Dept. of Financial Services says Mega International Commercial Bank of Taiwan will pay a $180m penalty and install an independent monitor for violating the state’s anti-money laundering laws.
Alert: HALISTER1- DFS examination found Mega Bank’s head office was “indifferent toward risks associated with transactions involving Panama, recognized as a high-risk jurisdiction for money-laundering”
Source: BFW (Bloomberg First Word)
Tickers
2886 TT (Mega Financial Holding Co Ltd)
To de-activate this alert, click here
UUID: 7947283