Taiwan - The FSC Classifies Leverage Transaction Merchants As The “financial Institutions” Referred To In Paragraph 1 Of Article 5 Of The Money Laundering Control Act.

Legal News & Analysis - Asia Pacific - Taiwan - Regulatory & Compliance g

5 December, 2018


Based upon subparagraph 18 of paragraph 1 of Article 5 of the Money Laundering Control Act (the “MLCA”), the FSC in an administrative order, dated October 12, 2018, classifies Leverage Transaction Merchants as the “financial institutions” referred to in paragraph 1 of Article 5 of the MLCA.



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Steven Yen, Tsar & Tsai Law Firm