Taiwan’s first-ever report on money laundering highlights nine defects


May 3 2018

The nation’s first-ever national assessment report on money laundering and terrorism financing was released yesterday by the Executive Yuan, identifying the areas where the nation could do more to prevent money laundering.

The report identified trafficking in narcotics, fraud, organized crime, corruption, smuggling, securities crimes, third-party money laundering, tax evasion and intellectual property crimes as the nine major areas where improvement was needed.