Important Measures
Promulgation of the Regulations Governing Anti-Money Laundering for Certified Public Accountants and Directions Governing Anti-Money Laundering for Certified Public Accountants
2017-08-11
In line with the amendment of the Money Laundering Control Act announced on December 28, 2016, the FSC announced the two aforementioned regulations on June 26 and they entered into force on June 28, 2017.
1. Regulations Governing Anti-Money Laundering for Certified Public Accountants: When CPAs prepare for or carry out the type of transactions required by the Money Laundering Control Act, they should undertake customer due diligence (CDD) measures, conduct enhanced CDD and keep all information obtained through the CDD and all records on transactions. If a suspicious transaction is found, it should be reported to the Investigation Bureau of the Ministry of Justice.
2. Directions Governing Anti-Money Laundering for Certified Public Accountants: When CPAs prepare for or carry out the type of transactions required by the Money Laundering Control Act, they should attend on-the-job training and the CPA firms they have established or joined should undertake internal control procedures.The FSC will dispatch personnel to inspect the aforementioned internal control procedures and can designatethe National Federation of Certified Public Accountant Associations of the Republic of China to implement this inspection.
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- Update： 2017-08-11
