Foreign Exchange Control Act Article 20

Violation of Article 6-1 herein involving intentional omission of declaration or making untruthful declaration shall be subjected to a fine of not less than NT$30,000 and not more than NT$600,000; the same provision applies to failure to provide an explanation within a specified time period or providing false explanation.Violation of Article 7 herein involving not selling or depositing foreign exchange to or with the Central Bank of the Republic of China or one of its authorized banks shall be subjected to a fine that amounts to not more than twice the amount not deposited or not sold converted into New Taiwan Dollar at the then prevailing exchange rate and the Central Bank of the Republic of China will pursue the return of foreign exchange.