Offshore Banking Act Article 22-1
In the event of any of the following violations of the regulations stipulated pursuant to Article 5, paragraph 2 by an offshore banking branch, a fine of not less than NT$1,000,000 and not more than NT$5,000,000 shall be imposed:1.Any violation of restrictions on single customer credit extensions related party lending or other transaction restrictions;2.Any concealment or destruction or hindrance or refusal of inspection of related documents or upon reasonable lack of response to questions from regulatory auditors or the competent authorities.3.Any violation of any limitation set by the competent authorities on the type and amount of foreign currency securities invested by offshore banking branches.If any defects remain uncured after an offshore banking branch has been punished according to the preceding paragraph, a fine of two to five times the original amount imposed shall be imposed each time consecutively, and the following punishments may be imposed in severe situations:1.suspension of the said offshore banking branch's business operations for a specified period of time; or2.Revocation of the license of the said offshore banking branch.After the offshore banking branch has been punished in accordance with the preceding Article or the preceding two paragraphs, it may claim reimbursement from the person(s) responsible for the violations.
中文原文 國際金融業務條例第22-1條
國際金融業務分行違反第五條第二項管理辦法中之下列規定之一者，處新臺幣一百萬元以上五百萬元以下罰鍰：
一、違反有關同一人或同一關係人之授信或其他交易限制。
二、於主管機關派員或委託適當機構，檢查其業務財務及其他有關事項時，隱匿、毀損有關文件或規避、妨礙、拒絕檢查。
三、違反主管機關就其資金運用範圍中投資外幣有價證券之種類或限額規定。
國際金融業務分行經依前項規定處罰後，仍不予改正者，得依原處罰鍰按次連續處二倍至五倍罰鍰；其情節重大者，並得為下列之處分：
一、停止其一定期間營業。
二、廢止其特許。
國際金融業務分行經依前條或前二項規定受罰後，對應負責之人應予求償。
一、違反有關同一人或同一關係人之授信或其他交易限制。
二、於主管機關派員或委託適當機構，檢查其業務財務及其他有關事項時，隱匿、毀損有關文件或規避、妨礙、拒絕檢查。
三、違反主管機關就其資金運用範圍中投資外幣有價證券之種類或限額規定。
國際金融業務分行經依前項規定處罰後，仍不予改正者，得依原處罰鍰按次連續處二倍至五倍罰鍰；其情節重大者，並得為下列之處分：
一、停止其一定期間營業。
二、廢止其特許。
國際金融業務分行經依前條或前二項規定受罰後，對應負責之人應予求償。