Financial Supervisory Commission (FSC)
Taiwan's financial regulator and AML/CTF supervisor. It issues the sector rules for banks, securities firms, insurers, and virtual asset service providers, and inspects them for compliance.
East Asia · Country coverage
AML/CTF Compliance in Taiwan
Taiwan regulates AML/CTF through the Money Laundering Control Act, which established the Money Laundering Prevention Center as its FIU. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Taiwan
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Supervisory Commission (supervisor); MJIB Anti-Money Laundering Division (FIU)
FATF statusAPG member (FATF-style body)
Primary legislationMoney Laundering Control Act (1997)
Overview
AML/CTF compliance in Taiwan.
Taiwan built its AML/CTF regime around the Money Laundering Control Act, which took effect in 1997 and established the Money Laundering Prevention Center as the country's financial intelligence unit, since renamed the Anti-Money Laundering Division of the Ministry of Justice Investigation Bureau. Day to day supervision of regulated firms sits with the Financial Supervisory Commission. A modern financial sector, five free trade zones, and a role as a regional trade hub leave Taiwan exposed to money laundering, fraud, and other transnational crime.
Financial institutions must set internal rules for regulatory compliance, build systems that monitor customer transactions for suspicious activity, and investigate and report that activity to the appropriate authorities. Supervisors expect a comprehensive compliance framework spanning all parts of an institution's operations, backed by continual training for compliance and anti-financial-crime teams.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Anti-Money Laundering Division (MJIB)
Taiwan's financial intelligence unit, set up in 1997 as the Money Laundering Prevention Center and renamed in 2007. It sits in the Ministry of Justice Investigation Bureau and receives and analyses suspicious transaction reports.
Money Laundering Control Act (1997)
Taiwan's principal AML statute, effective from April 1997, which established the FIU and the framework for suspicious transaction reporting.
Asia/Pacific Group on Money Laundering (APG)
As an APG member, Taiwan applies FATF-style standards that shape AML/CTF expectations for its financial sector.
Obligations
What regulated businesses must do.
- Establish internal rules for legal and regulatory compliance
- Build systems to monitor customer transactions for suspicious activity
- Investigate and report suspicious activity to the authorities
- Implement a comprehensive, operation-wide compliance framework
- Provide continual training for compliance and anti-financial-crime teams
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Taiwan?
The Financial Supervisory Commission (FSC) is the AML/CTF supervisor for banks, securities firms, insurers, and virtual asset service providers, setting the sector rules and inspecting compliance. Taiwan's financial intelligence unit is separate: the Anti-Money Laundering Division of the Ministry of Justice Investigation Bureau, formerly the Money Laundering Prevention Center, which receives and analyses suspicious transaction reports.
What is the main AML law in Taiwan?
The Money Laundering Control Act, effective from 1997, is Taiwan's principal AML statute and established the MLPC as the country's FIU.
Is Taiwan a member of FATF?
Taiwan is a member of the Asia/Pacific Group on Money Laundering, a FATF-style regional body, and applies FATF standards through that membership.
How does MemberCheck support AML compliance in Taiwan?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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