Taiwan bank in Taipei probe after being slapped with US fine
Thu, Aug 25, 2016 - 5:50 AM
Mega's former chairman, Tsai Yeou-tsair, is a defendant in the case and has been banned from travelling outside of Taiwan. Mr Tsai has quit as board director of Cathay Financial Holding.
TAIWAN is investigating if Mega Financial Holding Co and its banking unit broke local criminal laws in a case that has led to the US authorities fining the state-controlled group US$180 million for anti-money laundering violations.