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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

The funeral of veteran human rights and social activist Lynn Miles was held yesterday in Taipei, with Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) and a number of democracy advocates paying tribute to Miles and his work.

Offering a sunflower and a glass of beer while holding Miles’ hand, Tsai expressed gratitude for Miles’ contribution to the nation’s movement for democracy during the White Terror era.