ECCT Luxury Goods Committee Lunch

Recent International AML Trends- Taiwan's AML Status, Challenges and Future Prospects

Guest speaker

Dr Tsai Pei-Ling, Chief, Policy Unit, Anti-Money Laundering Office, Executive Yuan / 行政院洗錢防制辦公室 蔡佩玲檢察官兼組長

Dr Hsiao Hsing-Chin, Corporate Governance Programmme Head, Department of Commerce, Ministry of Economic Affairs / 經濟部商業司公司治理計畫主持人蕭幸金博士

Time: 12:00 – 14:00

Date: Friday, 10 May 2019

Address: 158 Dunhua North Road, Taipei 10548, Taiwan / 10548 台北市松山區敦化北路158號

Venue: Mandarin Oriental Hotel, B2, Oriental 2,3 / 台北東方文華酒店 B2, 東方廳貳參

Taiwan has completed a large revamp on the anti-money laundering ("AML") related laws in 2018 in response to the Asia/Pacific Group on Money Laundering (APG) review and as an attempt to strengthen the AML mechanism in the country. Pursuant to the newly amended Anti-Money Laundering Act (the "AML Act"), Counter-Terrorism Financing Act (the "CTF Act") and the Regulation Governing the Implementation and Reporting of Anti-Money Laundering and Counter Terrorist Financing of Jewelry Business (the "Regulation"), an enterprise conducting the business of retail and/or wholesale of precious metal, precious stones, or jewelry business including members in the luxury business is required to comply with the AML Act and the CTF Act.

This event, hosted by the ECCT’s Luxury Goods committee, is being held to raise awareness of the challenges facing Taiwan in achieving stronger AML in line with international best practices and standards, and what this means for the international business community. At the event, our guests will engage in a panel discussion on the following topics, among others:

• The enforcement of the AML Act and the CTF Act: A general introduction of the newly amended AML Act, the CTF Act and the Regulation. The achievements and challenges in diverse areas relating to different industries; what these mean for business; and the way forward.
• Future development of the AML Act and the CTF Act in Taiwan: Taiwan’s policy and directions to enhance AML and enforcement to meet international best practices and future developments. An overview of the 2018 APG review and its preliminary result.

About the speaker

Dr Tsai Pei-ling is the Chief of the Policy Unit of the Executive Yuan’s Anti-Money Laundering Office and a prosecutor in the Department of Prosecutorial Affairs under the Ministry of Justice (MOJ). She has been working on AML and Countering Financial Terrorism (CFT) since 2014 and was involved in drafting AML/CFT-related legislation, setting up the AML office, formulating national ML/TF databases and training programmes for the public and private sector. She holds a doctorate in law from National Chiao Tung University.

Dr Hsiao Hsing-chin is the Vice President and Dean of the College of Business at National Taipei University of Business. Prior to her current position she was Chair & Professor of the Accounting Information Department at the same university. She is an expert in AML, fintech, accounting, corporate governance and management control system issues. She has conducted research and consulted for government and academic institutions including the Ministry of Economic Affairs and the Taiwan Institute of Economic Research. She is a member of the board at several professional associations, including The Institute of Internal Auditors, The ROC Association of Certified Public Accountants, the Taiwan Institute of Ethical Business and Forensics and the Intangible Assets Evaluation Personnel Qualification Committee, at the Industrial Technology Research Institute. She holds a PhD in accounting from National Chengchi University in Taiwan.

NT$1,400 for members and NT$2,000 for members' guest(s)

*To cancel without penalty, written cancellations must be received 24 hours prior to the event.

Contact: Emily Kuo / Tel: 2740-0236 ext. 219 / emily.kuo@ecct.com.tw  / www.ecct.com.tw