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Mega bank knew of issues in 2013: DPP


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

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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Newsflash


Hong Kong democracy advocate Denise Ho, center, is pictured after a man threw a red liquid at her while she was being interviewed by the press outside in Taipei yesterday.
Photo: AFP / Sam Yeh

Undeterred by heavy rain, hundreds of thousands of protesters yesterday marched in Taipei and other cities in Taiwan in support of the pro-democracy protests in Hong Kong.