Taiwan signed a memorandum of understanding with Cambodia on Monday relating to cooperation in the battle against money laundering, terrorism funding and other major forms of financial crime.
The memorandum was signed by Ministry of Justice’s Investigation Bureau Director-General Chang Chi-ping (張濟平) and Phan Ho, secretary-general of the National Bank of Cambodia, who concurrently heads the bank’s Financial Intelligence Unit.
CEREMONY
The signing makes Cambodia the 18th country to ink an anti-money laundering agreement with Taipei, joining countries such as the US, South Korea, the Philippines and Nepal, Chang said at the signing ceremony held at bureau headquarters.
“This [the number of agreements] embodies our achievements in promoting international cooperation on countering cross-border money laundering,” Chang said, adding that the pact with Cambodia would significantly upgrade the efficacy of Taiwan’s operations in this area.
WORKSHOP
Chang said Taiwan and Cambodia are both members of the Asia-Pacific Group on Money Laundering. Cambodia sent financial intelligence officials to Taipei last year to attend an anti-money laundering workshop under the auspices of the group.
The program allowed both sides to exchange views and share experience in the fight against money laundering, Chang said.
“We also explored at that time the feasibility of signing an memorandum on cooperation in the field and we are pleased that nearly a year of negotiations have come to fruition,” he said.
Under the terms of the memorandum, the two countries will exchange information about suspected money laundering and other types of cross-border financial crime, including the funding of terrorism, Chang said.
GOOD DIPLOMACY: The KMT has maintained close contact with representative offices in Taiwan and had extended an invitation to Russia as well, the KMT said The Chinese Nationalist Party (KMT) would “appropriately handle” the fallout from an invitation it had extended to Russia’s representative to Taipei to attend its international banquet last month, KMT Chairman Eric Chu (朱立倫) said yesterday. US and EU representatives in Taiwan boycotted the event, and only later agreed to attend after the KMT rescinded its invitation to the Russian representative. The KMT has maintained long-term close contact with all representative offices and embassies in Taiwan, and had extended the invitation as a practice of good diplomacy, Chu said. “Some EU countries have expressed their opinions of Russia, and the KMT respects that,” he
CHANGES: After-school tutoring periods, extracurricular activities during vacations or after-school study periods must not be used to teach new material, the ministry said The Ministry of Education yesterday announced new rules that would ban giving tests to most elementary and junior-high school students during morning study and afternoon rest periods. The amendments to regulations governing public education at elementary schools and junior high schools are to be implemented on Aug. 1. The revised rules stipulate that schools are forbidden to use after-school tutoring periods, extracurricular activities during summer or winter vacation or after-school study periods to teach new course material. In addition, schools would be prohibited from giving tests or exams to students in grades one to eight during morning study and afternoon break periods, the
Advocates of the rights of motorcycle and scooter riders yesterday protested in front of the Ministry of Transportation and Communications in Taipei, making three demands. They were joined by 30 passenger vehicles, which surrounded the ministry to make three demands related to traffic regulations — that motorcycles and scooters above 250cc be allowed on highways, that all motorcycles and scooters be allowed on inside lanes, and that driver and rider training programs be reformed. The ministry said that it has no plans to allow motorcycles on national highways for the time being, and said that motorcycles would be allowed on the inner
AMENDMENT: Contact with certain individuals in China, Hong Kong and Macau must be reported, and failure to comply could result in a prison sentence, the proposal stated The Chinese Nationalist Party (KMT) and the Taiwan People’s Party (TPP) yesterday voted against a proposed bill by Democratic Progressive Party (DPP) lawmakers that would require elected officials to seek approval before visiting China. DPP Legislator Puma Shen’s (沈伯洋) proposed amendments to the Act Governing Relations Between the People of the Taiwan Area and the Mainland Area (臺灣地區與大陸地區人民關係條例), stipulate that contact with certain individuals in China, Hong Kong and Macau should be reported, while failure to comply would be punishable by prison sentences of up to three years, alongside a fine of NT$10 million (US$309,041). Fifty-six voted with the TPP in opposition