Article NO. Content

Title:

Offshore Banking Act 

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 NT$500,000 and not more than NT$2,500,000 shall be imposed and shall be corrected within the prescribed period of time. If it has not been 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.