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Article NO. Content

Title:

Offshore Banking Act  CH

Amended Date: 2016.12.28 
Article 22-2 In the event of any violation of Article 21-1, by an offshore banking branch a fine of not less than Five Hundred Thousand New Taiwan Dollars (NT$500,000) and not more than Two Million Five Hundred Thousand New Taiwan Dollars (NT$2,500,000) shall be imposed and shall be corrected within the prescribed period of time. If it has not corrected before the expiration of the said period, the competent authorities may impose an additional fine of two to five times the original imposed amount each time.