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Taiwan launches AML watchdog

  • Mar 20, 2017

Taiwan has officially launched an Anti-Money Laundering Office, according to a report on Chinapost.com.

A newly revised Money Laundering Control Act was passed by the Legislature in January and will come into effect on June 28.

The agency is designed to improve the government's AML supervision.

It will also coordinate policies to meet various challenges from growing international terrorist activities to drug trafficking, according to the report.

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