Regulations Governing the Establishment and Administration of Foreign Currency Exchange Counters Article 12

(Reporting of suspicious money laundering or terrorism financing transactions and reporting procedures)When handling the foreign currency exchange business, a foreign currency exchange counter shall identify a transaction in any situation under Subparagraphs 1~3, and 6, Paragraph 1 of the preceding article or Subparagraphs 1~3 and 5, Paragraph 3 of the preceding article as a suspicious money laundering or terrorism financing transaction and promptly report the transaction to the Investigation Bureau of the Ministry of Justice after obtaining the approval of its responsible persons or their designated personnel.When handling the foreign currency exchange business and discovering that a customer is an announced sanctioned individual under Subparagraph 4, Paragraph 3 of the preceding article, a foreign currency exchange counter shall promptly notify the Investigation Bureau of the Ministry of Justice after obtaining the approval of its responsible persons or their designated personnel.When handling the reporting mentioned in Paragraph 1 and the notification mentioned in the preceding paragraph, a foreign currency exchange counter shall submit a report to the Investigation Bureau of the Ministry of Justice by mail, fax, email or other means in the format prescribed by the Investigation Bureau with the stamp of foreign currency exchange counter affixed within ten (10) business days from the day of discovery.A foreign currency exchange counter that files a report or notification according to the preceding three paragraphs is prohibited from disclosing or delivering relevant information. However the foreign currency exchange counter is exempted from confidentiality obligation with regard to its reporting or notification action. The same provision applies to the responsible persons, directors, managers and employees of the foreign currency exchange counter.