Anti-Financial Crimes The Prosecution Looking to Enter the Financial Supervisory Board.

In order to enhance the effect in investigating the financial crimes, the Ministry of Justice and Financial Supervisory Board have reached a consensus planning to appoint prosecutors to the “station office” established by the Financial Supervisory Board.

 

This precaution is the first act of collaboration of the Financial Supervisory Board and the Prosecution on investigating financial crimes. It also demonstrates our government’s resolution to eliminate financial crimes. As long as the Financial Supervisory Board finds serious financial criminal cases, the relevant district prosecutors and the Investigation Bureau of the Financial Supervisory Board will form a special team. The prosecutor in charge, inspection officers and court clerks may enter the said station office immediately and start evidence collection as well as investigation.

 

Meanwhile, the prosecutor may issue orders in the first minute to restrain the criminals from leaving the country, cut off their undergoing money laundering overseas and release of assets and etc. illegal crimes. This is especially helpful to avoiding a stock company’s assets from being sold out.

 

In addition, a “mobile team” is under organization inside the Financial Supervisory Board, with over 200 financial supervisors collecting financial information and conducting analysis to begin evidence collection on the potential financial crimes.  (2005.2)

CYJ/CHT