The Regulatory Framework Against Money Laundering and Financial Supervision

• Main Authors: WANG,SHENG-JIE, 王聖傑
• Other Authors: LIN,SHU-KAI
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/cp2j78

碩士 === 東吳大學 === 法律學系 === 106 === In order to strengthen the constitution of money laundering control, the Money Laundering Control Act also substantially revised on December 28,2016, and Our country will accept the local assessment of Asia Pacific Group on Money Laundering in the end of 2018 year, If the outcome is inferior will influence the international reputation of our country and maybe will be listed in the high money laundering risk area, most important is when national enterprise’s fund be delivered to foreign area will be impacted, so we must be careful. We regard Anti Money Laundering as sport of all, in the background if we want to get the good achievement of AML, we will need the cooperate of government and people, policy and statute, theory and practice. Due to Mega international Commercial Bank of Taiwan be funded huge amount by NYDFS(New York State Department of Financial Services) and FED(Federal Reserve System) in New York and within 2017 to 2018, The incident has exposed the serious deficiencies within the Mega’s compliance program and anti-money laundering control system ,it also reflects weakness of Taiwan’s control of AML system, Thus we know our AML system compare International AML system that is so insufficient. The domestic Market of finance is saturated, must develop to international, if we don’t think it carefully, Then the financial industry will be hard to develop in the international , There is no guarantee that there will be no next Mega International Commercial Bank appearing, so create a perfect surroundings of financial supervision that is not only for combating money laundering crime but also a important topic for International integration between our country and international. But the method of money laundering is changeable along with technological progress, so how to achieve the goal of Anti-Money-Laundering in the changeable technology and social development, is this paper’s keynote, in this paper we will first analyzes the types of money laundering and 2016 Taiwan’s Money Laundering Control Act. Finally, we will end with the impact of modern financial technology and Anti-Money-Laundering. What happens to the Mega Bank in 2016 is an important lessons and provides the suggestions on the draft bills and conclusion. Establishing a robust internal controls and regulatory compliance programs is the top priority to all Taiwan’s financial institutes who want to run their business in the U.S. Financial Technology blurred the boundaries between the financial and nonfinancial institutions and therefore the construction of Regulatory Sandbox system promotes innovation in Financial Technology, which encourages applicants to become social enterprises and makes innovation to contribute to continuous innovation.