Taiwan's Ministry of Justice has announced the draft money laundering prevention law "Management Measures for Account and Account Suspension, Restriction of Functions or Direct Closure" to solve capitation account and account issues. It is specifically mentioned that the capita accounts and bank accounts of the Virtual Currency Platform (VASP) can be suspended or have their functions restricted.
Stop money laundering scams! Exchange headcount accounts will also be restricted
In order to solve the problem of capitation accounts and accounts as soon as possible, the Ministry of Justice of Taiwan has announced that the "Management Measures for Accounts and Accounts Suspended, Restricted Functions or Directly Closed, Article 15-2 of the Money Laundering Prevention Act" is expected to end on 10/16 Draft discussion.
Whether it is an account opened by a financial institution, an account opened with a virtual currency exchange, or an account on a third-party payment platform, it is provided to others for use and is subject to sanctions and warnings; against accounts or accounts that have been opened by others , including financial institutions, exchanges or third-party payment providers, can suspend or restrict all or part of the account or its functions, or even close it, and can also restrict the opening of new accounts and accounts.
(Taiwan Fraud Island? The fraud case paralyzed the District Prosecutor’s Office, and the prosecutor named: individual currency dealers were not effectively supervised)
(Taiwan Financial Supervisory Commission officially announced the VASP guidelines, which are subject to both "individual currency dealers" and "overseas currency dealers")
This article, Taiwan’s Ministry of Justice’s new draft for anti-laundering: exchange capitation accounts, accounts and bank accounts will be frozen. First appeared on Chain News ABMedia.