Money laundering experts here to evaluate Taiwan

on Monday, January 29, 2007
Experts on money laundering are in Taiwan to evaluate the legal and financial systems here. The experts from the Asia-Pacific Group on Money Laundering arrived Monday for a two-week evaluation of government and related organizations.

Vice Minister of Justice Wang Tien-sheng explains the purpose of their trip:

"Most importantly, [the group] wants to see if any government agencies have loopholes that would allow money laundering. If there are, [it would help with] methods to prevent money launderers from helping terrorists."

Even though Taiwan is not a member of the United Nations, its justice officials meet with the group annually. Taiwan is striving to meet world standards in its effectiveness in legal and financial arenas.

http://english.rti.org.tw/Content/GetSingleNews.aspx?ContentID=30339

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