Page 58 - NO.113銀行家雜誌

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heart is my wish that our peer Taiwanese bankers Whilst the whole financial world strives to
will internalize the concept of internal audit, internal fight money laundering and financing of terrorism,
control and compliance into their soul and mind, like Taiwanese banks have never been absent from
their DNA, thereby behaving themselves instinctively. the fight. I am very pleased to see how seriously

Being the Chairman of the Association, I would like to our government has taken these matters and how
speak up for our collective determination to exercise proactively our banking community has responded
the sound banking practice everywhere, including New over the past years. In addition to applying emerging
York the global money center. technologies to better detect, monitor, and deal with the
Diversified patterns of money laundering and money laundering instances, Taiwanese banks continue
terrorist financing, along with growing internet to train up their employees, retain professional services
coverage and rising cross-border financial crime, of external consultants and auditors with a view to
are exposing financial institutions to compounded enhancing AML/BSA/CFT system-wide.
risks. Under the NYDFS Superintendent's Regulations The Book of Psalms says: "Those who sow

Part 504, banks are required to rigorously implement with tears will reap with songs of joy." Just 3 months
transaction monitoring and filtering programs, ago, the Asia Pacific Group on Money Laundering
and must strictly conduct gap assessment, draw up (APG) issued its preliminary opinion following the
corresponding action plan and remediation, and 3rd Follow-up Mutual Evaluation of Taiwan, which
then submit their annual compliance certification gives high marks to Taiwan for the active AML/CFT
accordingly. Taiwan government has actively aligned measures taken in both public and private sectors.
AML/BSA/CFT legal regime with international The assessors also give positive affirmation regarding

standards and strengthened the supervision as well. the direction in which Taiwan's AML regime has
progressed in recent years, and the effectiveness of its
implementation.
Rapid developments in Fintech have brought
about information security concerns. Cyber security
risks and the associated customer interest protection
have emerged into a matter of concern for financial
institutions. Thanks to NYDFS for taking the lead
to issue Part 500, "Cybersecurity Requirements for

Financial Services Companies" in 2017. Taiwan
authorities have also called for each single bank
to escalate its information security. The bank I
work for has set up a department at the head office
dedicated to cyber security with a CISO installed in
金融文化改革一直為紐約聯邦儲備銀行所重視。（圖／達志影像）

58 台灣銀行家2019.5月號

P052-069-19TD1643.indd 58 2019/4/29 下午9:32