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FSC asks banks to tighten overseas control after Mega Bank fine

08/20/2016 12:56 PM
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Taipei, Aug. 20 (CNA) The Financial Supervisory Commission (FSC), the top financial regulator in Taiwan, said Saturday that it has asked local banks to tighten control on their overseas outlets after Mega International Commercial Bank (兆豐銀) ran into regulatory problems in the United States and is ordered to pay a massive fine for violating anti-money laundering rules.

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