Police officials touted their success in fighting money laundering, after confiscating NT$3.688 billion (US$117.59 million) in the first half of the year, while law enforcement agencies launched a networking platform to facilitate investigation of financial crimes.
The National Police Agency (NPA) on Wednesday presented data showing that it had investigated 534 cases of suspected money-laundering over the period, about 100 of which involved channeling illegal proceeds from Taiwan to China.
China was followed by its two special administrative regions, Hong Kong and Macau, as the top three international money laundering destinations, followed by Malaysia in fourth place, while the Philippines, Indonesia and Vietnam tied for fifth place, the data showed.
The confiscated money was eight times the amount seized during same period last year, NPA data showed.
The progress could be attributed to amendments that were made to the Money Laundering Control Act (洗錢防制法) in June 2017, which loosened certain requirements, enabling police and the judiciary to initiate investigations more easily, said Tsai Pei-ling (蔡佩玲), a prosecutor who heads the policy unit of the Executive Yuan’s Anti-Money Laundering Office.
“After the amendments were passed, judicial investigators had the authority to seize ill-gotten gains, stemming the money flow … which was more difficult to do in the past,” Tsai said.
Meanwhile, the National Taxation Bureau and the Ministry of Justice’s Agency Against Corruption (AAC) yesterday established the “combat money-laundering information platform” in Tainan.
The platform is to serve as a networking tool for the judiciary and law enforcement agencies to enhance the campaign against corruption and money laundering, AAC officials said.
Minister of Justice Tsai Ching-hsiang (蔡清祥), who was presiding over a seminar on the UN Convention Against Corruption in Taipei on Wednesday, lauded the good work government agencies had done, which enabled Taiwan to pass the third round of a peer review by the Asia/Pacific Group on Money Laundering (APG) last month.
“The world can see that Taiwan is determined to fight corruption and money laundering, for which we have received positive endorsement by the APG, showing that we are moving toward the goal of halting corruption and ensuring cleaner governance in Taiwan,” Tsai said.
The APG promoted Taiwan from “enhanced follow-up” to “regular follow-up,” indicating the lowest risk of money laundering.
The Anti-Money Laundering Office said the assessment is expected to boost Taiwan’s chances of participating in international organizations.
Taiwan made it onto the “regular follow-up” list after achieving “substantial” marks on seven of 11 factors used to measure a nation’s effectiveness in fighting money laundering, the office said.
A Taipei veterinarian is urging pet owners to avoid using insecticides around their homes, as their ingredients can be toxic to pets. Commercial-grade insecticides contain pyrethroids — organic compounds similar to natural pyrethrins, pesticides produced by flowers such as chrysanthemums — in quantities that are harmless to humans, but potentially fatal to cats and dogs, Asian Veterinary Specialist Referral Center veterinarian Chua Man-ling (蔡曼琳) said. Even in small quantities, pyrethroids are hazardous to cats, as they lack the metabolic enzymes needed to process them, Chua said. Cockroach sprays and ant traps are especially dangerous to pets as they contain boric acid, she
People should avoid eating too many zongzi (粽子, glutinous rice wrapped in bamboo leaves), as consuming several in one meal could cause indigestion, bloating, gastric acid reflux, heartburn and other stomach ailments, a doctor said on Saturday. Zongzi is a traditional delicacy for the Dragon Boat Festival, which was on Thursday. Citing a recent case as an example, Cathay General Hospital gastroenterology department head Chu Yu-ming (朱淯銘) said that a 58-year-old taxi driver surnamed Hsiao (蕭) ate meals at irregular hours due to his work and has been taking diabetes medicine for three years. Hsiao recently bought a bag of zongzi and ate
DREAMING OF TRAVEL: About 7,000 people applied for the experience, with about 60 chosen for the first flight yesterday, which includes boarding an airplane Starved of the travel experience during COVID-19? Taipei International Airport (Songshan airport) has the solution — a fake itinerary where you check in, go through passport control and security, and even board the aircraft. You just never leave. The airport yesterday began offering travelers the chance to do just that, with about 60 people eager to get going, albeit to nowhere. About 7,000 people applied to take part, with the winners chosen by random. More fake flight experiences are to take place in the coming weeks. “I really want to leave the country, but because of the pandemic, lots of flights cannot fly,”
A DEPRIVATION? The Taiwan Higher Education Union said the program, which drew much student criticism, undermined students' right to an education The Taiwan Higher Education Union on Monday accused Ming Chuan University (MCU) of sacrificing its students’ right to education by altering the English-language instruction for first-year students. The university, which has long emphasized the value that it places on English-language education, in the 2019-2020 academic year changed its English program for first-year students to a combination of self-learning through online videos and weekly lab sessions, during which students would take online tests, the union said. The change has deprived more than 3,000 students of in-person instruction and of interaction with their teachers, the union added. The online program drew much criticism from students