Sanction on JihSun Securities for Violation of Securities Management Related Laws and Regulations
2022-12-30
I. Date of sanction: December 30, 2022
II. Object of sanction: JihSun Securities Co., Ltd. (JihSun Securities).
III. Legal basis for the sanction: Subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act, and paragraph 2, Article 2 of the Regulations Governing Securities Firms.
IV. Facts of violation: When the Commission conducted a special inspection on JihSun Securities for anti-money laundering and countering terrorism financing from December 14 to 23, 2021, it found that JihSun Securities failed to conduct regular review of high-risk customers and suspicious transaction reporting procedures in accordance with the prescribed standards, and failed to complete the review of the suspicious transaction cases generated from the system in accordance with the company's prescribed standards. The deficiencies above indicate that the sanctioned party has not implemented the internal control system, and is verified to have violated paragraph 2 of Article 2 of the Rules Governing Securities Firms.
V. Sanction imposed: A fine of NT$480,000 is imposed on JihSun Securities in accordance with subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act.
Contact unit: Weng, Section Chief, Securities Firms Division, Securities and Futures Bureau
Tel: 02-2774-7112
For questions, please write to:FSCmail
II. Object of sanction: JihSun Securities Co., Ltd. (JihSun Securities).
III. Legal basis for the sanction: Subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act, and paragraph 2, Article 2 of the Regulations Governing Securities Firms.
IV. Facts of violation: When the Commission conducted a special inspection on JihSun Securities for anti-money laundering and countering terrorism financing from December 14 to 23, 2021, it found that JihSun Securities failed to conduct regular review of high-risk customers and suspicious transaction reporting procedures in accordance with the prescribed standards, and failed to complete the review of the suspicious transaction cases generated from the system in accordance with the company's prescribed standards. The deficiencies above indicate that the sanctioned party has not implemented the internal control system, and is verified to have violated paragraph 2 of Article 2 of the Rules Governing Securities Firms.
V. Sanction imposed: A fine of NT$480,000 is imposed on JihSun Securities in accordance with subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act.
Contact unit: Weng, Section Chief, Securities Firms Division, Securities and Futures Bureau
Tel: 02-2774-7112
For questions, please write to:FSCmail
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Update：
2023-01-17