Taiwan’s Financial Regulatory Commission will be implementing new anti-money laundering (AML) rules a month earlier than planned, on November 30. This decision comes as regulators focus on speeding up anti-fraud efforts. The new rules mandate crypto service providers, including crypto exchanges, to complete AML compliance registrations.
Non-compliance may lead to penalties, such as imprisonment for up to two years and fines of up to NT$5 million (approximately US$153,700).
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