Taiwan FSC Fines Six Accounting Firms Over AML Failures

Accounting firms are a key gatekeeper in Taiwan’s anti-money laundering framework because their professional services can be used to establish companies or facilitate financial transactions. The Financial Supervisory Commission requires firms to apply a risk-based approach, conduct customer due diligence (CDD) and file suspicious transaction reports (STRs) when warranted, helping prevent accountants from being used to move or conceal illicit funds.

The FSC inspected 27 accounting firms in 2026 and found shortcomings including inadequate risk assessments of clients and engagements, as well as incomplete identity checks. The regulator fined six small and medium-sized firms a combined NT$650,000 this year. It said annual inspections will continue under a risk-based approach, with a focus on stronger regulatory compliance and more effective risk-management controls.