Premier orders examination of Mega Bank’s New York, Panama branches
25 Aug 2016

Premier Lin Chuan (林全) on Thursday directed the Financial Supervisory Commission (FSC) to begin examining Mega International Commercial Bank’s New York and Panama branches immediately, after the bank was fined NT$180 million in the United States recently for violating anti-money laundering laws.

Raising the issue at a weekly Cabinet meeting, Lin instructed the FSC and the Ministry of Justice to set up separate task forces to investigate the case, according to Cabinet spokesman Tung Chen-yuan (童振源).

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