The world's local bank
Financial Institutions for Cash Transactions Above Certain Amounts Reporting Announcement
According to the recent regulation change announced by FSC, financial institutions are required to check and verify client's identity and keep transaction records for any single cash transactions over TWD500,000 (including equivalent foreign currency). If the transaction is processed by an agent, financial institutions are required to check and verify the identity of the agent and keep transaction records. It will take effect since 18Mar.2009.
