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Event File FINTECH

Taiwan Fines CTBC Bank NT$4 Million Over Employee Fund Misappropriation

2 reports · First detected 2026-07-02 · Last active 2026-07-03

ATM and interbank clearing accounts are a core part of banks’ daily reconciliation processes, making the monitoring of long-outstanding balances an important internal-control safeguard. The case at CTBC Bank Co. highlights how funds left unreconciled for extended periods can create opportunities for employee misconduct and expose weaknesses in oversight, account review and segregation of duties.

Taiwan’s Financial Supervisory Commission said a former CTBC employee surnamed Liao began misappropriating ATM and interbank clearing funds in November 2024, targeting entries that had remained outstanding for more than two years. The conduct continued for 10 consecutive months and involved about NT$2.97 million. The regulator found CTBC had failed to adequately establish and enforce internal controls, imposing a NT$4 million fine under the Banking Act and ordering corrective measures.

All Coverage

2 original reports
CTEE.COM.TW 2026-07-03
《金融》前行員挪用清算款297萬元 中信銀挨罰400萬元
CTEE.COM.TW 2026-07-02
行員內鬼挪用ATM清算款 「這家銀行」遭金管會開罰400萬

The Backstory

The history behind this event
Taiwan Regulator Fines Hua Nan Bank NT$8 Million Over Employee Misappropriation2026-06-26 · 4 reports · similarity 0.81

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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