:::
Passed the Four Anti-Fraud Laws Establishing a Fraud-Free and Safe Society
The Executive Yuan passed four new anti-fraud laws on May 9 to improve Taiwan's anti-fraud policies and enforcement regulations.
Anti-Fraud Crime Prevention and Control Act
Anti-Money Laundering Act
Technology Investigation and Protection Act
Communication Protection and Surveillance Act
What is the Anti-Fraud Crime Prevention and Control Act?
It is a law specifically established to address fraud, tailored to the country's situation, and compensate for inadequate regulations!
To prevent financial losses for citizens, the government combats fraud from both upstream and downstream!
Upstream Anti-Fraud
Let’s All Work Together to Prevent Fraud
Finance
Detect abnormal transactions, intercept illegal funds in advance, and curb dummy accounts
Telecommunications
Cooperate to restrict or terminate telecom services of abnormal users
Digital
Regulate overseas advertising platforms, remove fraudulent ads, and curb dummy accountsPrevent the source of funds and contact channels to reduce the number of victims!
Downstream Anti-Fraud Increased penalties for three high-risk factors
Downstream Anti-Fraud
Increased penalties for three high-risk factors
Large number of criminals
Large number of victims
Large financial sums involved
The more people defrauded, the longer the sentence; there is no parole for three-time offenders
Whistleblower Clause
Offenders who confess or assist in investigations may receive reduced or exempted penalties
Expand the scope of confiscation
Items used in crimes and other illegal proceeds
Raise the threshold for parole
The Ministry of Justice is also developing three powerful tools to strengthen enforcement and help dismantle fraud rings!
Anti-Money Laundering Act
Technology Investigation and Protection Act
Communication Protection and Surveillance Act
Anti-Money Laundering Act
Mandate the regulation of virtual assets
Strictly prevent money laundering through virtual assets!
Domestic and international virtual currency companies must establish a local presence and complete anti-money laundering registration to provide services
Regulate third-party payments
Prevent them from becoming channels for money laundering
Those who do not complete anti-money laundering registration or service capacity registration with the central competent authority are prohibited from providing services.
In addition to continuous upstream anti-fraud prevention, technology investigation methods are introduced to dismantle fraud rings.
Technology Investigation and Protection Act
Conditional use of GPS tracking, M-car positioning, and thermal imaging for temperature detection and rescue
Communication Protection and Surveillance Act
Prosecutors can access network traffic records to obtain IP addresses, location information, communication times, etc.
Amendments to allow communication surveillance charges, emergency communication surveillance charges, and procedures
Telecom companies, public telecom networks, and postal services have an obligation to assist in communication surveillance
Execution is only permissible with a judge’s approval
Retain data and assist in retrieving communication data
