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-Taiwanese banks make efforts to control money laundering

Nov 20, 2018 - Global Banking News

Global Banking News - 20 November 2018

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Flaws identified by the study include lack of sufficient risk assessments in offshore banking units (OBUs).

Assisted by regulators, the shortcomings of the country's banking sector against financial crime are being assessed and remediated. A peer review conducted by the Asia/Pacific Group (APG) on Money Laundering had recently called for more efforts to contain the problem.

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