Taiwan Regulator Fines Hua Nan Bank NT$8 Million Over Employee Misappropriation
Employees at Hua Nan Commercial Bank's Jisui, Shilin and Tainan branches were implicated in a series of misconduct cases involving the misappropriation of customer funds and the withholding of excess cash from account settlements. The cases exposed failures in deposit, remittance and foreign-exchange operations as well as supervisory review mechanisms. Banks are entrusted with customers' assets, and weak internal controls can cause direct losses and undermine depositors' confidence in the financial system.
Taiwan's Financial Supervisory Commission announced the penalty on June 25, 2026. Three employees misappropriated a combined NT$4.6286 million, affecting nine customers. At the Tainan branch alone, seven customers lost a total of NT$4.57 million in misconduct spanning September 2017 to August 2025. The FSC fined Hua Nan Commercial Bank NT$8 million and ordered it to review its information systems, operating procedures and review mechanisms, as well as hold supervisors accountable.
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The history behind this event中信銀行員挪用ATM清算款遭金管會裁罰400萬
中信銀行廖姓前行員自113年11月起，利用職務之便連續10個月挪用掛帳時間兩年以上的ATM及財金清算款約297萬元。金管會認定中信銀行內部控制制度未完善建立且執行不力，依銀行法裁處400萬元罰鍰並要求改善。
Taiwan Fines Taishin Bank NT$14 Million, Suspends New-Client Intake Over Adviser’s Misappropriation
A former Taishin Bank financial adviser allegedly exploited the trust of two elderly clients between December 2021 and October 2023, misappropriating a combined NT$1.57 million by swapping their ATM cards and making unauthorized withdrawals. Beyond employee fraud, the case exposed internal-control weaknesses in customer asset verification, staff management and the reporting of major unexpected incidents, undermining trust in the bank’s high-net-worth wealth management business.
Taiwan’s Financial Supervisory Commission announced the penalty on May 26, 2026. It said an inspection conducted from February 25 to March 28, 2025, found that Taishin Bank had decided not to report the matter after internal investigations on January 22, 2024, and March 11, 2025. The FSC fined the bank NT$14 million and ordered corrective action. It also barred the bank for one month from accepting new clients for its high-net-worth business and its pilot operations in the Kaohsiung Asset Management Zone. Those activities may resume only after the bank’s improvements are approved.
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