Money Laundering Control Act Article 20

In the event of the following circumstances, if anyone accepts, possesses, or uses the property or the benefits of the property without a reasonable account of the origin of such assets, an imprisonment of not less than six months but not more than five years shall be imposed, and a fine of not more than NT$ 50 million may also be imposed:1. Opening accounts at financial institutions, applying for accounts to enterprises or persons that provide virtual asset services or third-party payment services in other people's names, under a false name or other false information related to the identity.2. Using or getting hold of accounts opened by others at financial institutions, accounts applied by others to enterprises or persons that provide virtual asset services or third-party payment services, via improper means.3. Circumventing anti-money laundering procedures described in Article 8 and Articles 10 to 13.An attempt to commit an offense specified in the preceding paragraph is punishable.