Photographer: Susana Gonzalez/Bloomberg

Bank Linked to ‘Panama Papers’ Firm Faces Probe in Taiwan

  • U.S regulator said bank compliance program was ‘hollow shell’
  • Mega Financial shares plunge after unit fined by regulator

Taiwan’s government will probe a bank that was fined $180 million for violating anti-money laundering laws by a U.S. regulator, which described its compliance program as a “hollow shell.”

To continue reading this article you must be a Bloomberg Professional Service Subscriber.