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Seized cash increases over past 3 years: investigation bureau

2012/04/18 19:41:19

Taipei, April 18 (CNA) The amount of cash seized by the government from criminals has increased over the past three years as a result of inter-departmental collaboration, the country's top investigation agency said Wednesday.

In 2009, the government seized a total of NT$390.25 million (US$13.2 million) in cash from people engaged in criminal activities, in 2010 the figure was NT$787.26 million and last year it was NT$871.26 million, said the the Ministry of Justice Investigation Bureau.

The increasing success in cracking down on financial crime has been achieved through collaboration among the Ministry of Justice, Financial Supervisory Commission, Ministry of Finance, Central Bank, and Ministry of Economic Affairs, the bureau said.

As part of the efforts to tighten up on financial crime, financial regulators and investigators in Taiwan met Wednesday with Gordon Hook and Dietmar Kahles of the Asia/Pacific Group on Money Laundering to discuss financial supervisory practices.

(By Liu Shih-yi and Hanna Liu)