The Strategies of Anti-Money Laundering by Financial Institutions in Taiwan

• Main Authors: Bih-Yuan Lin, 林璧媛
• Other Authors: Professor Chien-Sen Huan
• Format: Others
• Language: zh-TW
• Published: 2002
• Online Access: http://ndltd.ncl.edu.tw/handle/80432409517938389511

碩士 === 銘傳大學 === 金融研究所碩士在職專班 === 90 === Money-laundering has been undertaking in the world over the past years. Because banking is recognized as the first place to place crime proceedings by money launderors, banking employee have been required to know their customers. Therefore, In 1996, Taiwan have passed the “Money Laundering Control Act” to combat money laundering. The issues related to combat money-laundering becomes the essences to stable financial system in Taiwan. This study uses “document research method”. Since December 1988, the system of money laundering control activity arisen in the world, this research takes some case studies available with Taiwan and other advanced countries. According to analysis of the cases of money laundering occurred in recent years, this research proposes a suggestion ultimately to strength Taiwan anti-money laundering network. In comparison with the policies of anti-money laundering applied among several advanced countries, this research learns that American’s experience is most useful. American considers the weakness of legal enforcement allows the rawpant of money laundering. As a result, American established “Financial Crime Enforcement Network,(FinCEN)” and require financial institutions, jewelers, car dealers, and whole sales provides any information involving money laundering to the FinCEN. The FinCEN analysis the collected information, and transfer the cases to the legal enforcement department if the FinCEN finds any crime suspective. It is obvious that the scope of these two countries is so different. For example, the “Money Laundering Control Act” in Taiwan, only stipulates financial institution to apply the deal of money laundering. In order to stop the significant crime of money laundering in Taiwan, this research proposes six suggestions: to maintain the store record of deal of money laundering , to apply the deal of money laundering, to establish apprehensive anti-money laundering system, to build a data bank of crime of money laundering, to develop international cooperation and to upgrade the anti-money laundering skill.