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Taiwan removed from watch list

The Financial Action Task Force on Money Laundering has removed Taiwan from its list of countries under observation, the Financial Supervisory Commission (FSC) has announced on October 18. In response, Taiwan will continue work to improve measures to verify customer identification, safeguard customers’ personal information and check the legality of the source of funds while striving to be placed on the European Union’s money laundering “white list.”

In the 2007 Mutual Evaluation Report published by the Asia/Pacific Group on Money Laundering, Taiwan was given a rating of “noncompliant” or “partially compliant” on 11 of 16 core recommendations concerning the countering of money laundering and terrorism funding, and as such was listed as a nation under observation.

The FSC, in keeping with international standards on anti-money laundering legislation, has lowered the threshold needed for a report to be filed on currency transactions from NT$1 million to NT$500,000. The Asia/Pacific Group on Money Laundering passed a resolution on October 16 formally removing Taiwan from the list of nations under observation, making Taiwan the first country in Asia not required to undergo further procedural review or follow-up observation.

Presse Release, Government Information Office of Taiwan, 21. Oktober 2009

Die Presseabteilung der Taipeh Vertretung mit Sitz in Berlin bietet folgende Dienstleistungen an: Erläuterung der Politik der Entwicklung der Republik China (Taiwan) und, und Verbreitung von Pressemitteilungen Stellungnahmen von taiwanischer Seite Sowie Beantwortung von Fragen über das Land;
Angebot von Informationsmaterial über Taiwan in deutscher, englischer, und chinesischer Sprache (Broschüren, Filme, Videos, DVDs, Diafilme, CDs);
Anlaufstelle für deutsche Medienvertreter, Angebot von Informationsreisen nach Taiwan für deutsche Journalisten;
Organisation von Veranstaltungen mit dem Ziel, Kontakte zwischen Deutschland und Taiwan zu vertiefen (Vorträge, Seminare, Ausstellungen, Filmfestivals usw.);
Sonstige Öffentlichkeitsarbeit

Taipeh Vertretung Presseabteilung
Markgrafenstr. 35
10117 Berlin

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