Legislative: |
1.Promulgated on July 26 , 2017 |
Content: |
Article 1
These Regulations are enacted pursuant to Paragraph 4,
Article 7 of the Terrorist Financing Prevention Act
(referred to as the “Act” hereunder).
Article 2
Agricultural financial institutions shall assign a
chief compliance officer to coordinate and supervise
compliance with these Regulations.
Article 3
Agricultural financial institutions shall carry out
reporting under Paragraph 2, Article 7 of the Act
according to the following provisions:
1. The unit-in-charge at the head office of
Agricultural Bank of Taiwan shall promptly report a
case after the report is approved by the assigned
chief compliance officer mentioned in the preceding
article or the chief AML/CFT compliance officer at
a farmers’ or fishermen’s association shall
promptly report a case to the Investigation Bureau,
Ministry of Justice (referred to as the
“Investigation Bureau” hereunder) within ten (10)
business days following the date of learning the
case in a format and manner prescribed by the
Investigation Bureau.
2. In the event of an obviously significant case of
urgent nature, an agricultural financial
institution should file a report as soon as
possible by fax or by other available means and
follow it up with a written report in a format
and manner prescribed by the Investigation Bureau.
A follow-up written report is not required if the
Investigation Bureau has confirmed the receipt of
report by sending a reply in a prescribed format by
fax. The agricultural financial institution should
retain the faxed reply from the Investigation
Bureau.
3. Agricultural financial institutions shall produce
an annual report as of December 31 every year (the
“settlement record date”). The report shall state
all properties or property interests of designated
sanctioned individuals, legal entities or groups
managed or held by the agricultural financial
institution in accordance with Article 7 of the Act
as of the settlement record date and the report
shall be submitted to the Investigation Bureau for
recordation before March 31 the following year.
The reporting records, transaction documents and
annual reports mentioned in the preceding paragraph
shall be retained in their original forms for five (5)
years.
Article 4
These Regulations shall enter into force on the date
of promulgation.
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