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Mega bank knew of issues in 2013: DPP

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From left, Democratic Progressive Party legislators Wang Ding-yu, Lo Chih-cheng and Su Chen-ching yesterday hold a news conference in Taipei to discuss Mega International Commercial Bank’s branch in the US being fined for ignoring money laundering regulations.
Photo: George Tsorng, Taipei Times

US authorities had warned Mega International Commercial Bank’s New York branch that it had violated US money laundering regulations as early as 2013, after the bank dramatically increased the size of loans to businesses affiliated with the Chinese Nationalist Party (KMT), Democratic Progressive Party (DPP) legislators said yesterday.

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Forum praises Tsai on China stance

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Academics at a forum held by a pro-independence organization yesterday lauded President Tsai Ing-wen’s (蔡英文) refusal to recognize the so-called “1992 consensus,” but took issue with the president’s seeming inability to break the shackles of the Republic of China’s (ROC) constitutional system.

The World United Formosans for Independence invited a dozen of academics to examine Tsai’s policies in the first three months of her presidency and share their thoughts on her government’s performance in terms of national status, transitional justice, cross-strait ties and other areas.

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FSC commission to probe Mega Ban

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Premier Lin Chuan (林全) yesterday instructed the Financial Supervisory Commission (FSC) to form an investigative committee from members of the central bank, and the ministries of justice and finance after the New York branch of Mega International Commercial Bank (兆豐銀行) was ordered to pay a massive fine for violating US money-laundering rules.

Lin said he hopes that the details of the case are clarified as soon as possible, and that any Mega International employees responsible for the situation are identified.

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KMT outcast to join committee

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A former Chinese Nationalist Party (KMT) member, who was sacked in June for his outspokenness, has confirmed plans to join a committee investigating the party’s illegal assets, drawing fire from KMT members.

Committee of Illegal Party Asset Settlement chairman Wellington Koo (顧立雄) on Thursday said that he consulted with former KMT spokesman Yang Wei-chung (楊偉中) last week and invited him to join the committee.

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Government not to pursue seat at UN

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The government will not pursue UN membership and will instead continue to push for the nation’s meaningful participation at UN-related agencies, Minister of Foreign Affairs David Lee (李大維) said yesterday.

“With regard to the UN issue, the government will undoubtedly continue our meaningful participation [at UN-related organizations], but will not promote Taiwanese membership in the global body,” Lee said.

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Tsai to head judicial reform committee

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Presidential Office spokesman Alex Huang (黃重諺) yesterday said that President Tsai Ing-wen (蔡英文) would head a preparatory committee for national affairs conferences on judicial reform to be set up by the office, in an effort to prevent the pending nominations of the Judicial Yuan president and vice president from impeding long-awaited progress toward judicial reform.

“Actually, in addition to serving as convener, [Tsai] will also designate a civil opinion leader to be the deputy convener of the committee, which will consist of legal and non-legal professionals,” Huang said.

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Taiwanese in US demand ethnicity option in census

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Several Taiwanese-American organizations on Friday issued a joint letter, calling on the US Census Bureau to include a “Taiwanese” option to answer the ethnicity question in the next US national census in 2020.

The US Constitution requires a national census once every 10 years and according to the US Census Bureau, an individual’s response to the ethnicity question is based on self-identification.

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Newsflash


Chinese writer Yuan Hongbing speaks at a forum hosted by Beanstalk, a group founded by former Presidential Office secretary-general Chen Shih-meng yesterday.
Photo: Li Hsin-fang, Taipei Times

A Chinese dissident yesterday warned the Democratic Progressive Party (DPP) over a planned shift in position on its China policy and said former premier Frank Hsieh (謝長廷) would lead the party down a path of “political suicide” in his similar attempts to shift plans.

“Beijing has two grand strategies for its absorption of Taiwan. First, economic integration goes before political integration. Second, making the Chinese Nationalist Party [KMT] another Chinese Communist Party [CCP] and the DPP another KMT,” Yuan Hongbing (袁紅冰) told a forum hosted by Beanstalk, a group founded by former secretary-general of the Presidential Office Chen Shih-meng (陳師孟).