Regulations Governing Anti-Money Laundering and Countering Terrorism Financing of Financial Technology Innovative Experimentation Article 10

An applicant shall establish policies and procedures for transaction monitoring and could utilize information system to assist in the detection of suspicious ML/TF transactions. Those policies and procedures shall be updated periodically.The transaction monitoring policies and procedures under the preceding paragraph shall include at least the following ML/TF monitoring indicators:1.The participant applies for conducting transactions which are obviously incommensurate with the identity or income of the participant.2.After the establishment of business relationship, the applicant reconfirm a transaction with a suspicious participant and discovers that the transaction is denied by the participant, or the identity of the participant is invalid, or the applicant believes based on other evidence or fact that the name of the participant is being used by others without authorization.3.The transactions is conducted by a participant involved in a special and significant case that is reported by television, press, internet or other media and the transaction is obviously unusual.4.The participant or transaction counterparty is an individual, a legal person or an organization sanctioned under the Terrorism Financing Prevention Act, or a terrorist or terrorist legal person or an organization identified or investigated by a foreign government or an international organization.5.Other suspicious ML/TF transactions discovered by the applicant.The transaction monitoring operations shall be documented and maintained for a time period in accordance with Article 11.