Rules Governing the Administration of Electronic Payment Business Article 36

The watch-list period of watch-listed e-payment accounts shall start from the notification from the court, public prosecutor’s office, or judicial police authority. It shall automatically expire after two years elapse. However, if it is necessary to be watch-listed, the authority which originally reported the watch-listed account may send another notification prior to the expiry. The extension of the notification shall be limited to once and the period of extension may not exceed one year.The electronic payment institution may not remove limitations on a Watch-listed Account until it has received notification from the authority that issued the original notification, or upon expiry of the watch-list period.Where an e-payment account or a registered stored value card is a derivative watch-listed account or with transactions reported as suspicious or unusual under standards specified in Subparagraph 2, Paragraph 1 of Article 34, the electronic payment institution shall immediately rescind related limitations after verifying that the suspicious or unusual situations has been eliminated.Where the watch-list status of a watch-listed e-payment account is terminated based on a notification from the authority that issued the original notification, or where the authority that issued the original notification notifies the electronic payment institution to continue the watch-list status, the electronic payment institution shall notify JCIC immediately.