A training on fighting financial crime was held by the Financial Supervisory Commission and Canada’s Toronto Centre, a nonprofit organization that promotes global financial stability and inclusion.
The event, which took place Dec. 16-20, 2024, in Taipei City, was attended by officials from central banks and representatives of financial institutions in Taiwan, Cambodia, India, Laos, Malaysia, Mongolia, Nepal, Thailand, Vietnam, the Maldives and the Philippines.
Training topics ranged from cybercrime and fraud to the prevention of money laundering and the sponsorship of terrorism. Discussion also included the sharing of case studies demonstrating the impact of financial crime and the related risks to the financial industry, cross-border collaboration, inclusive financing, gender equality and climate change, the commission added.
The FSC said that participants were encouraged to share their own experience and identify and analyze issues to find solutions, adding that the training also helped them understand the current practices of neighbors in the Indo-Pacific while jointly seeking countermeasures.
Combating financial crime is one of the government’s key policies as more and more criminals exploit emerging technologies to achieve their goals, the FSC noted. The training will enable financial supervisory institutions to strengthen their prevention and containment measures to fight such crime, the commission said, adding that it also laid the foundation for the FSC to cooperate with other institutions worldwide and helped raise Taiwan’s international visibility. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
from Taiwan Today – Top News