May 29 2017
Taiwan’s new anti-money laundering laws which will become effective on June 28, 2017 will expand the scope of anti-money laundering investigations to include family, friends and even lovers of politicians, top leaders of Academia of Sinica, and Taiwanese representatives posted abroad, reported United Daily News (UDN). The third reading of the new anti-money laundering draft bill was passed by legislators in late 2016, which specifically targets important retired politicians. In the future, the nation’s anti-money laundering probe against retired politicians will include their closest family members and friends.