TAIPEI Oct 3 Taiwan's cabinet said it had accepted the resignation of Ding Kung-Wha, chairman of the island's financial watchdog the Financial Supervisory Commission (FSC), and would hold a briefing to explain the move later on Monday.
Ding's resignation came amid growing criticism in Taiwan of the FSC's ability to regulate as state-run financial group Mega Financial Holdings was fined $180 million by New York state's financial watchdog for anti-money laundering violations that included lax attention to risk exposure in Panama.
(Reporting by Faith Hung and Jeanny Kao; Editing by Kenneth Maxwell)
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