Each domestic and foreign business unit of a banking business and other financial institutions designated by the FSC shall appoint a senior manager to act as the supervisor to take charge of supervising AML/CFT related matters of the business unit, and conduct self-inspection.The internal audit unit of a banking business and other financial institutions designated by the FSC shall audit the following matters and submit audit opinions on:1. Whether the ML/TF risk assessment and the AML/CFT program meet the regulatory requirements and are implemented; and2. The effectiveness of the AML/CFT program.The president of a banking business and other financial institutions designated by the FSC shall oversee the respective units to prudently evaluate and review the implementation of internal control system for AML/CFT. The chairman, president, chief auditor and chief AML/CFT compliance officer shall jointly issue a statement on internal control for AML/CFT (see attached), which shall be submitted to the board of directors (council) for approval and disclosed on their website of the business and institutions within three (3) months after the end of each fiscal year, and filed via a website designated by the FSC.For the branches of a foreign bank or foreign credit card company in Taiwan, the authorized personnel by its head office shall be responsible for matters concerning the board of director or supervisors under these Regulations. The statement mentioned in the preceding paragraph shall be jointly issued by the litigious/non-litigious agent and the chief AML/CFT compliance officer of the branch in Taiwan as well as officer in charge of audit operation in Taiwan.Attachment Statement on Internal Control for AML／CFT.pdf