Taiwan: Recent Opposition to the Money‐Laundering Epidemic

Abstract

The Republic of China (ROC or Taiwan) has emerged as one of the world's most aggressive countries in the fight against international and domestic money laundering. Money laundering is an enormous and multifaceted global problem which fertilises organised crime, benefits drug traffickers and damages financial systems. The nature of money laundering is a synthesis of criminal activities that completes the illegal activity and produces the illicit profits. Money laundering, which plays a fundamental role in facilitating the ambitions of various illegal activities, is averse to social and economic ideas. Successful money laundering will furnish the fuel for criminal activities by operating and expanding the illegal operations of drug traffickers, terrorists, arms dealers and other criminals.

Citation

Lee, L.L.C. (1998), "Taiwan: Recent Opposition to the Money‐Laundering Epidemic", Journal of Money Laundering Control, Vol. 1 No. 3, pp. 268-276. https://doi.org/10.1108/eb027150