Sanction Decision on Taiwan Life Insurance Co., Ltd
2019-10-01
Taiwan Life Insurance Co., Ltd’s setting of parameters for suspicious money laundering or terrorist financing red flags is found unreasonable, which may impede sound operation of the company. Hence the FSC issues an official reprimand in accordance with Paragraph 1, Article 149 of the Insurance Act on October 1, 2019. For further information please refer to the website of the Insurance Bureau in Chinese version.
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Update:
2020-10-27