Regulations Governing Anti-Money Laundering and Countering Terrorism Financing of Financial Technology Innovative Experimentation Article 13

For the implementation of AML/CFT internal control and audit system of an applicant, the competent authority may, at any time, assign staff or entrust an appropriate agency (institution) to conduct an inspection using the risk-based approach. The inspection includes on-site and off-site inspections.When conducting an inspection in the preceding paragraph, the competent authority or the entrusted inspector may order the applicant to provide related books, documents, electronic data files or other relevant materials. The aforementioned materials, whether stored in hard copy, electronic file, e-mail or any other form, shall be provided, and the applicant may not circumvent, reject or obstruct the inspection for any reason.