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Author: Kamil Wroblewski
Kamil - Wroblewski
Thesis Title: Anti-Money Laundering policy in a bank – A case study of Taiwanese Taipei Fubon Bank
Anti-Money Laundering policy in a bank – A case study of Taiwanese Taipei Fubon Bank
Advisor: 劉代洋
Day-Yang Liu
Committee: 陳俊男
Chun-Nan Chen
許馨方
Hsin-Fang Hsu
Degree: 碩士
Master
Department: 管理學院 - 財務金融研究所
Graduate Institute of Finance
Thesis Publication Year: 2014
Graduation Academic Year: 102
Language: 英文
Pages: 84
Keywords (in Chinese): AMLMoney LaunderingKnow Your CustomerCustomer Due Diligence
Keywords (in other languages): AML, Money Laundering, Know Your Customer, Customer Due Diligence
Reference times: Clicks: 152Downloads: 1
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  • Anti-Money Laundering (AML) has rose in significance over the last two decades, mostly due to the huge, devastating effects that money laundering has on financial sector and global economy as a whole. Over the years many international organizations has been promoting the importance of implementing AML regimes in financial institutions and inventing measures to stop and detect money launderer’s actions. All this international effort resulted in AML legislations in most of the countries and obliging virtually all of the banks operating around the world to set up an effective AML system.
    Creating an AML legislation which would be compliant with global standard is especially important for Taiwan. Due to its difficult political situation and ambition to become a new global financial center, Taiwanese financial institutions must persuade foreign investors about their safety and reliability, which AML regime is the main part of.
    The aim of this study is to show what effect money laundering can have on economy, what are the most important legislations and international initiative in the field of AML and introduce the most important practical measures of implementing AML system in banks.
    By the case study of Taipei Fubon Bank Taiwanese regulations concerning AML in banks are introduced, as well as practical ways of dealing with this problem in the bank. Moreover, the Fubon Bank’s plans of expansion to China are discussed and what impact can it have on the institution. The thesis ends with conclusions about the adequacy of Taiwanese AML regulations and recommendations for Taipei Fubon Bank in its operations.


    Anti-Money Laundering (AML) has rose in significance over the last two decades, mostly due to the huge, devastating effects that money laundering has on financial sector and global economy as a whole. Over the years many international organizations has been promoting the importance of implementing AML regimes in financial institutions and inventing measures to stop and detect money launderer’s actions. All this international effort resulted in AML legislations in most of the countries and obliging virtually all of the banks operating around the world to set up an effective AML system.
    Creating an AML legislation which would be compliant with global standard is especially important for Taiwan. Due to its difficult political situation and ambition to become a new global financial center, Taiwanese financial institutions must persuade foreign investors about their safety and reliability, which AML regime is the main part of.
    The aim of this study is to show what effect money laundering can have on economy, what are the most important legislations and international initiative in the field of AML and introduce the most important practical measures of implementing AML system in banks.
    By the case study of Taipei Fubon Bank Taiwanese regulations concerning AML in banks are introduced, as well as practical ways of dealing with this problem in the bank. Moreover, the Fubon Bank’s plans of expansion to China are discussed and what impact can it have on the institution. The thesis ends with conclusions about the adequacy of Taiwanese AML regulations and recommendations for Taipei Fubon Bank in its operations.

    ABSTRACT ii TABLE OF CONTENTS iii LIST OF TABLES iv LIST OF FIGURES v CHAPTER I: Introduction 1 1.1 Research background and motivation 1 1.2 Research Objective 2 1.3 Research Contents and Flow Chart 3 1.4 Contributions 4 1.5 Limitation 5 CHAPTER II: Literature Review 7 2.1 Overview of Money Laundering and its impact on economy and financial institutions 7 2.2 History of global AML regulations regarding financial institutions 13 2.3 Practical implementation of AML requirements in banks 20 CHAPTER III: Methodology 38 CHAPTER IV: Case Study 41 4.1 Taiwanese AML regime 41 4.2 AML policy in Taipei Fubon Bank 49 CHAPTER V: Conclusions and recommendations 72 5.1 Conclusions 72 5.2 Recommendations for the future 73 REFERENCES 75

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