Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Securities and Futures Business and Other Financial Institutions Designated by the Financial Supervisory Commission Article 8

The FSC may adopt a risk-based approach and at any time assign personnel or engage an appropriate institution to conduct audits of the implementation of the AML/CFT internal control and audit systems of securities and futures business and other financial institutions designated by the FSC. The audit methods include on-site audits and off-site audits.When the FSC or auditors engaged by it carry out an audit under the preceding paragraph, they may order securities and futures business and other financial institutions designated by the FSC to present relevant account books, documents, electronic data files, or other relevant materials. The aforesaid materials shall be provided regardless of their means of storage, whether hard copies, electronic files, emails, or any other form or means of storage whatsoever, and the audited entity may not evade, refuse, or obstruct the audit for any reason.