ACE Leading Exchange Involved in Money Laundering Scandal: Financial Supervisory Commission Takes Action, Imposing Million-Dollar Fine
In response to the crisis faced by ACE, the flagship exchange, the Financial Supervisory Commission (FSC) has implemented three key strategies. Firstly, the FSC has requested the company to provide a detailed explanation of the incident and has published a notice on its website to protect consumer rights. Secondly, the FSC will closely monitor the subsequent developments of the incident and take appropriate legal action based on concrete evidence. Lastly, if any illegal activities are discovered, the FSC will handle the case in accordance with anti-money laundering regulations. Assuming there is specific evidence of wrongdoing, fines ranging from NT$500,000 to NT$10 million may be imposed.
