Fraud Crime Hazard Prevention Act Article 10

Financial institutions and businesses or personnel providing virtual asset services shall cooperate with the judiciary police department to form an industry and cross-industry joint alert mechanism; when receiving the alert from the judiciary police department, the receiving banks and businesses or personnel providing virtual asset services shall earmark and continue to monitor the alerted amounts or virtual assets and may operate in accordance with paragraph 1, Article 8.After sending out the alert as prescribed in the preceding paragraph, the judiciary police department shall, within a reasonable period of time, implement verification and notify financial institutions and businesses or personnel providing virtual asset services about carrying out the follow-up alerting process or lifting control.The competent financial authority shall consult with the competent central authority and the competent legal affairs authority to establish the alert mechanism, earmarking of amounts or virtual assets, operating procedures, follow-up alerting process, lifting of control as prescribed in the preceding two paragraphs, and the regulations governing other matters that matters that have to be observed.