Convening of Board on Economic Crime Prevention

Overview of the Economic Crime Prevention Board

In May 1979, the Executive Yuan formulated effective prevention policies specifically addressing the status of economic crime, financial measures, and major cases, with the goal of comprehensively preventing economic crime. The Executive Yuan also directed the Bureau to coordinate with relevant units and establish a special project team, which convened the Economic Crime Prevention Board (the "Board").

The composition of the Board has undergone several changes over time; its members currently consist of 16 government authorities:

• The Fair Trade Commission
• The Financial Supervisory Commission (FSC), including the Securities and Futures Bureau, the Banking Bureau, the Insurance Bureau, and the Inspection Bureau
• The Ministry of the Interior, including the National Police Agency and the National Immigration Agency
• The Ministry of Foreign Affairs, including the Bureau of Consular Affairs
• The Ministry of Economic Affairs, including the Department of Commerce and the Taiwan Intellectual Property Office
• The Ministry of Justice, including the Department of Prosecutorial Affairs, the Taiwan High Court Prosecutor's Office, and the Investigation Bureau
• The Ministry of Finance, including the Customs Administration and the Taxation Administration
• The Ministry of Digital Affairs, including the Administration for Digital Industries

In addition to economic crime prevention work in compliance with their respective roles, Board members periodically convene meetings, chaired by the Director of the Bureau, with officers from the Executive Yuan, Judicial Yuan, and the National Security Bureau attending as observers.

Functions of the Board

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

Collecting information on economic crime through the Board as a platform for implementing preemptive prevention measures.

Discussing existing major economic crimes to distill and implement effective counter-measures.

Analysis of Financial Policies and Economic Measures

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

Legal Recommendations

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

Coordination of Economic and Financial Crime Prevention