- Title: Taiwan's Mega Financial investigates NY banking branch client activities
- Date: 21st September 2016
- Summary: TAIPEI, TAIWAN (SEPTEMBER 21, 2016) (REUTERS) ***WARNING CONTAINS FLASH PHOTOGRAPHY*** PARLIAMENTARY SESSION IN PROGRESS MEGA FINANCIAL CHAIRMAN, MICHAEL CHANG, TALKING ON PHONE CHAIRMAN OF SESSION TALKING CHANG LOOKING AT NOTES CHAIRMAN OF FINANCIAL SUPERVISORY COMMISSION, DING KUNG-WHA, TALKING REPORTERS FILMING (SOUNDBITE) (Mandarin) MEGA FINANCIAL CHAIRMAN, MICHAEL CHA
- Embargoed: 6th October 2016 06:22
- Keywords: Taiwan Mega Financial New York banking money laundering Michael Chang
- Location: TAIPEI, TAIWAN
- City: TAIPEI, TAIWAN
- Country: Taiwan
- Topics: Crime/Law/Justice,Crime
- Reuters ID: LVA00150ICNM5
- Aspect Ratio: 16:9
- Story Text: Taiwanese state-run financial holding company Mega Financial's newly appointed chairman Michael Chang told lawmakers on Wednesday (September 21) the firm is investigating whether clients of its New York banking branch engaged in money-laundering activities.
Chang was speaking during a parliamentary session in Taipei.
"Although this, if I was to put it more precisely, (I would) have to say that whether or not Mega Bank's clients have laundered money and if Mega Bank was aware at the time, this the focal point of our investigation right now," he said.
The executive was appointed by the Taiwan government earlier this month after the New York banking unit was hit by a U.S. fine for anti-money laundering violations. - Copyright Holder: REUTERS
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