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3 months ago
Taiwan prosecutors say won't indict Mega Fin for violating anti-money laundering rules
May 22, 2017 / 3:20 AM / 3 months ago

Taiwan prosecutors say won't indict Mega Fin for violating anti-money laundering rules

TAIPEI, May 22 (Reuters) - Taiwan prosecutors said on Monday they will not indict Mega Financial Holding or any Taiwan citizen for violating anti-money laundering rules, following an investigation into whether state-run Mega had breached U.S. anti money laundering rules.

The New York branch of Mega Financial has agreed to pay $180 million to New York state's financial regulator for anti-money laundering rule violations that included lax attention to risk exposure in Panama, authorities said in August. (Reporting by Faith Hung; Editing by Muralikumar Anantharaman)

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