Taiwan Legislature passes draft fraud prevention act, increasing penalties for high-value crimes in financial, telecom, and digital sectors.
Taiwan's Legislature passes draft fraud prevention act, increasing penalties for high-value crimes. The act introduces measures in financial, telecommunications, and digital economy sectors. Financial institutions must report suspicious transactions, telecom companies must verify users, and prohibits fraudulent ads in digital platforms. Offenders who voluntarily surrender gains may have sentences reduced or voided.
July 12, 2024
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