Anti-Money Laundering and Regulatory Compliance Seminar for Financial Institutions Engaging Concurrently in Bond Business


Seminar Report

In support of government policy to promote anti-money laundering measures and to enhance compliance by financial institutions, Taipei Exchange (TPEx) plans to host four seminars on the subject this year, the "Anti-Money Laundering and Regulatory Compliance Seminar for Financial Institutions Engaging Concurrently in Bond Business" has taken place on March 28. Around 100 participants included the chief compliance officers and chief internal auditors of banks and bills finance companies that also offered bond business attended the event.

In his welcome address at the seminar, TPEx Deputy CEO Bing-Jing Huang indicated that Anti-money laundering is now a global effort and Taiwan is scheduled to undergo the APG (The Asia/Pacific Group on Money Laundering) mutual evaluation in 2018. To support the smooth completion of APG evaluation, TPEx hosts this seminar in the hope to share case information and implementation experience to help boost the anti-money laundering knowhow and compliance of financial institutions.

The seminar invited experts in the field to share anti-money laundering experiences. The keynote speaker was Special Agent Mr. Lien of MJIB Anti-Money Laundering Division who gave a talk on "Anti-Money Laundering Regulations and Real Cases in the Banking Sector" and another speaker was HSBC Taiwan Senior Vice President and Chief Compliance Officer Yun-Chi Huang, introduced "Bank's Regulatory Compliance System and Practice Sharing."

In the following session, the panel discussion of the seminar was moderated by TPEx General Manager Sarah Wong. The panelists included the two experts mentioned above and Law Professor Yun-Hua Yang of National Chengchi University who talked about "How financial institutions also engaging in bond business enhance their regulatory compliance functions." Seminar attendees enthusiastically asked a lot of questions, and the panelists made suggestions and exchanged views on policy formulation, financial supervision and implementation. This seminar was a great success and is expected to bring the anti-money laundering practices in Taiwan in line with international standards and lift the anti-money laundering and compliance performance of our financial institutions to the next level.