1.Date of disciplinary action: November 17, 2020

2.Object of disciplinary action: Neuberger Berman Taiwan (SITE) Limited

3.Legal basis for the disciplinary action: Paragraphs 1, 4 and 5, Article 7 of the Money Laundering Control Act, Subparagraph 2, Article 8 and Subparagraph 4, Article 9 of the Regulations Governing Anti-Money Laundering of Financial Institutions, and Article 102 of the Securities Investment Trust and Consulting Act.

4.Facts of violation: The company has not documented the watch list filtering programs on customers matching, filtering logics,  evaluation standards, and monitoring procedures for suspected money laundering or terrorism financing transactions (including monitoring indicators of parameter setting, threshold amount, alerts and operation procedures of monitoring), which is the disadvantage of implementation on anti-money laundering and counter terrorism financing operations. The facts above are verified to have violated money laundering control related laws and regulations.

5.Disciplinary action imposed: A fine of NT$500,000 is imposed in accordance with Paragraph 5, Article 7 of the Money Laundering Control Act, and an official reprimand is issued in accordance with Article 102 of the Securities Investment Trust and Consulting Act.

 

Contact Office: Section Chief Tsai, Securities Investment Trust and Consulting Division, Securities and Futures Bureau

Phone Number: 886-2-2774-7426

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