A Study on Suspicious Transaction Reporting–-Focusing on Banking Industry in Taiwan

• Main Authors: Yu-JouYuan, 袁宇柔
• Other Authors: Ya-Lun Yen
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/2bpa43

碩士 === 國立成功大學 === 法律學系 === 107 === Suspicious transaction reporting (STR) is one of the obligations imposed upon the banking industry in accordance with the Money Laundering Control Act in Taiwan to prevent money laundering crimes. Although relevant regulations have been in place for many years, most banks do not have enough practical experience. As a result, they face many difficulties in terms of reporting suspicious transactions. In order to identify the important factors affecting STR in Taiwan's banking industry and present suggestions for relevant improvements, this paper uses interviews and various literature to analyze the current circumstances of suspicious transaction reporting in Taiwan's banking industry from four main aspects: laws and regulations, company policy, individual factor pressure from the organization. In addition, a Decision-Making Trial and Evaluation Laboratory approach is used to identify the most important factors affecting the domestic banking industry on this issue. Based on research results, changes to the regulatory methods is the main reason that affects banks’ operations. This paper suggests that, firstly, in order to promote efficiency in the STR process, Taiwan should reconsider how to facilitate the channels of communication and discussion among agencies and increase their interactions, including the awareness of the importance of suspicious transactions information and strengthen the communication and cooperation relationship on the legislative level. Secondly, banks should improve their professional capabilities in money laundering prevention and invest in more human resources. The competent authorities should also take the measures required to reduce the burden of cost brought upon the banking industry. Finally, mutual trust between the competent authorities and financial institutions is also key to improving the reporting of suspicious transactions in Taiwan's banking industry.