Offshore Banking Act Article 22

Law:: Offshore Banking Act
Chinese:: 國際金融業務條例第22條

If an offshore banking branch commits any of the following acts, its responsible person shall be imposed with a fine of not less than NT$1,000,000 and not more than NT$5,000,000:1.Conducting any businesses not provided for in Article 4, paragraph 1 of this Act,2.Violating Articles 7, 8 or 9 of this Act,3.Failing to submit the reports required under Article 20 of this Act, or failing to provide the information concerning the business or financial conditions or other reports pursuant to the same Article,4.Failing to pay the license fee of offshore banking branch.If any violations 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 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.

中文原文國際金融業務條例第22條

國際金融業務分行有下列情事之一者，處新臺幣一百萬元以上五百萬元以下罰鍰：
一、辦理第四條第一項規定以外之業務。
二、違反第七條、第八條或第九條規定。
三、未依第二十條規定報請主管機關備查，或未依同條規定提供業務或財務狀況資料或其他報告。
四、未依規定按年繳交特許費。
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。

English translation for reference only; the Chinese text prevails. Not legal advice.