Taiwan prosecutors say won't indict Mega Fin for violating anti-money laundering rules

Reuters News
Posted: May 21, 2017 11:23 PM

TAIPEI (Reuters) - Taiwan prosecutors said on Monday they will not indict Mega Financial Holding or any Taiwan citizen for violating anti-money laundering rules, following an investigation into whether state-run Mega had breached U.S. anti money laundering rules.

The New York branch of Mega Financial has agreed to pay $180 million to New York state's financial regulator for anti-money laundering rule violations that included lax attention to risk exposure in Panama, authorities said in August.

(Reporting by Faith Hung; Editing by Muralikumar Anantharaman)