Revelation of financial crimes; scopes of bills of indictment and written judgments to be made public will be broaden

The Financial Reform Subcommittee of the Executive Yuan recently resolved that the bills of indictment and the written judgments rendered against financial crimes relating to banks, securities and insurances, etc. must be made public on the website as long as such crimes have been prosecuted or adjudicated.

As for the issue about whether to make the bills of indictment and the written judgments against financial crimes public will infringe the right of privacy of the concerned parties, the above Subcommittee considered that making the data about the bills of indictment against financial crimes public is favorable to the public interest. The Subcommittee also asked the Securities & Futures Commission and the Department of Insurance to deal with financial crime- related cases in the same manner as the Bureau of Monetary Affairs does currently. Meanwhile, it will study to amend Financial Holding Company Act, Banking Law, Insurance Law and Securities and Exchange Law to legislate the legal source for making bills of indictment public.