In July this year, telecommunications company Taiwan Mobile was included in the Taiwan Financial Supervisory Commission's anti-laundering statement list, becoming the 26th operator. Unexpectedly, in September (9/13), the list changed back to 25 companies. After all, Technology (Bijing Exchange) was removed from the list. Bijing’s senior management was previously involved in the money laundering case of the Ba Ba Guild Hall, and later switched to only serving corporate customers. It should be impossible to operate in compliance with regulations in the future.

Bijing Exchange was delisted by the Financial Supervisory Commission

From the list of anti-laundering compliance statements updated by the Securities and Futures Bureau on 9/13, only 25 companies remain. After all, Technology has been removed from the list. It was once the fifth company with the statement.

(Chasing the "Eight Eight Club" Taiwan Money Laundering Godfather Network: The chief operating officer of the exchange "Bijing" was detained through the anti-laundering statement)

People who pass the anti-virus declaration will also be removed from the list.

According to the regulations of the Financial Supervisory Commission, even if the declaration is completed, the person may still be removed from the list due to the following circumstances:

  1. Failure to notify the Commission in advance of changes in matters in accordance with the original statement, or the actual virtual currency business projects are inconsistent with the original statement items

  2. The person in charge has been convicted of a specific crime referred to in Article 3 of the Money Laundering Prevention Act.

  3. Failure to commence business within three months after completing the declaration process

  4. Failure to make a declaration of cancellation within one month after cessation of virtual currency business as required, or voluntarily suspending business for more than three consecutive months.

Recently, the Financial Supervisory Commission has continued financial inspections of Taiwanese companies. ACE Ace Exchange and Rybit Exchange have both been punished for lack of laundering prevention. It is also worth paying attention to whether there will be more law enforcement actions in the future.

Pursuing compliance with the acquisition of defense laundering companies may be a dream

In the list of anti-laundering declarations, some businesses that passed the early approval began to sell their company shares, change the person in charge, and sell them to other businesses in an attempt to directly "buy" the qualifications for the anti-laundering declaration.

According to the Financial Supervisory Commission's review of business projects, whether they are consistent with the original statement may affect the renewal of the qualification.

This article After All Technology (Bijing Exchange) was delisted by the Financial Supervisory Commission, the first company in Taiwan to remove anti-laundering statements appeared first on Lian News ABMedia.