Release date 2016/12/08 16:48:35 Update date 2016/12/08 16:48:35

In May 1979 the Executive Yuan formulated specifically with regard to the existing status of economic crimes, financial measures and major cases, effective prevention policies with a view to comprehensively prevent economic crimes. The Executive Yuan also directed the Bureau to liaise with relevant units with regard to the formation of special project team convened the "Board on Economic Crime Prevention" ("the Board"). The Board's composition underwent several changes over time. At present its members (13 government authorities) consist of: Fair Trade Commission, Financial Supervisory Commission ( "FSC", including Securities and Futures Bureau, Banking Bureau, Insurance Bureau, and Inspection Bureau), Ministry of the Interior (National Police Agency and National Immigration Agency), Ministry of Foreign Affairs (Bureau of Consular Affairs), Ministry of Economic Affairs (Department of Commerce and Taiwan Intellectual Property Office), Ministry of Justice (Department of Prosecutorial Affairs, Taiwan High Court Prosecutor's Office and Investigation Bureau). In addition to conduct economic crime prevention work according to their respective roles, Board members also periodically convene meetings. Such meetings are chaired by the Director of the Bureau, with officers from the Executive Yuan, Judicial Yuan and National Security Bureau attending as observers.

The Board's functions include:

  1. Combining financial and economic, judicial and foreign affairs powers to effectively combat economic crimes as an integrated body.

  2. Collecting information on economic crimes through the Board as a platform, in order to take preemptive prevention measures.

  3. Discussing existing major economic crimes to distill effective counter-measures for implementation.

  4. Examining the pros and cons of existing financial policies and economic measures in order to showcase government authorities' participation in improvement.

  5. Giving recommendations to competent authorities on revisions of existing law to cover loopholes.

Coordinating and allocation of work involving prevention of economic and financial crimes specifically assigned by superior authority.