| Legislative： |
1.Promulgated per order of Council of Agriculture No.
Nong-Jin-Zi-1065074297A dated July 26, 2017.
2.Amendment promulgated per order of Council of Agriculture No.
Nong-Jin-Zi-1075074663A dated December 27, 2018. |
| Content： |
Article 1
These Regulations are enacted pursuant to Paragraph 5, Article 7
of the Counter Terrorism Financing 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 3, Article 7 of the Act according to the
following provisions:
1. After discovering a suspicious activity, the chief AML/CFT
compliance officer at a farmers’ or fishermen’s association
or the unit-in-charge at the head office of Agricultural Bank
of Taiwan shall promptly file a Suspicious Transaction Report
(STR) with the Investigation Bureau in a format and manner
prescribed by the Bureau in no later than two business days
after the report has been approved by the assigned chief
compliance officer mentioned in the preceding article.
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. |