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Article 5-2
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In response to UN Resolutions and the needs of international cooperation, the Financial Supervisory Commission (FSC) may, in conjunction with the Central Bank, after submitting to the Executive Yuan for approval, issue orders to specified banks to block the withdrawal, transfer, payment, or disbursement in, or otherwise take necessary measures against, accounts held by individuals, entities or institutions of certain countries or regions that are suspected of directly or indirectly using the accounts, money transfers, currencies or other instruments of payment to finance terrorism or terrorist organizations, or engage in activities threatening international security.
The FSC shall make public the above measures and deliver the same to the Legislative Yuan for approval within ten days after being public.
The measures shall become immediately void if the Legislative Yuan votes against.The said measures shall be lifted when causes thereof cease to exist.
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