Implementation of Prevention Work

1. The Board implements its work in conjunction with government policy. Such work include "stabilization of prices and discouragement of hoarding and causing prices to rise"

   1. To strengthen its ability to combat criminal activities that affect everyday life and thus to remove fear from ordinary citizens, the Board has formulated "Implementation Plan of Prosecution Authority on Projects Combating Economic Crimes" and "Guidelines on Implementation Plan of Taiwan High Court Prosecutor's Office on Economic Crime Projects". It has also, since the formation on November 5, 2007 of the Materials Price Project team, requested all field offices and stations to report on instances of hoarding and artificially raising prices. The Board has also worked with competent authorities with respect to administrative inspection.

   2. Beginning on December 6, 2011 the Board has assumed the role of the Executive Yuan's "window for lodging complaints on hoarding of goods", with toll-free number 0800-007-007 as the complaint hot-line. For the purpose of increased exposure, the Board has in addition to coordinating dissemination of information by members of the "Executive Yuan Price Stabilizing Team", also carried out posting of on-line articles on outside networks, conducting joint-promotion at the respective field offices and stations and coordinating propaganda by public and private units.

2. Compilation of annual report on its economic crime prevention work, topical research reports and establishment of archives for ease of reference during investigation

   1. With regard to existing economic situation, irregular economic activities, new type of economic crimes and key industrial and commercial enterprises in poor financial operating status, the Board takes the initiative to compile annual report on economic crime prevention work and topical research reports to study preventive measures for reference by superior or relevant authorities. For completed cases the Board also conducts in-depth discussion and examines the possibility of administrative oversight or legal loopholes as well as possible causes for such crimes. It then proposes specific improvements in order to prevent recurrence of such cases.

   2. The Board establishes on a sustained basis, an electronic archive for information on new-style of major economic crimes for reference during prevention and investigation.

3. Prevention of corruption and negligence and examines large-amount dishonored checks/bills for better advance awareness of economic crimes

   1. The Board seeks to gain in-depth understanding of the financial operations of major domestic enterprises and financial and insurance institutions which incur serious operating losses and which face financial crisis in order to uncover at first hand suspected embezzlement of funds by insiders, draining of corporate funds or involuntary winding-up.

   2. The Board seeks to strengthen its ability to give advance warning of insider trading, rigging of share price, and irregular settlement by listed or OTC companies or specific individuals using the stock market, or use by foreign (Mainland) enterprises and financial institutions of financial derivatives to conduct irregular stock or foreign exchange market operations or those involving real estate.

   3. The Board uses all types of database to establish a complete work-flow process for selected inspection of large-amount bill-return by companies and businesses. It then derives from its analysis, key groups and suspected check-sale groups and forwards them to field units for further investigation.

4. Studies by and discussions with academics and experts for means of preventing economic crimes

The Board periodically hosts discussion forums on prevention of economic crimes. With respect to economic crimes completed and problems uncovered during collation of financial and economic information, the Board invites experts and academics in relevant fields and prosecutors as well as officers from competent authorities to speak on forums, conduct in-depth analysis of causes, administrative oversights and regulatory loopholes etc. as well as response measures and recommendations for improvement. The Board consolidates all relevant information and submits its views to superior and competent authorities for reference.

1. Promotes exchange of anti-corruption experience by enterprises and establishes liaison window and assists in promotion of corporate governance
   The Bureau and its field offices and stations conduct sustained exchange of anti-corruption experience with enterprises through visits to enterprise groups, science and hi-tech industrial parks and industrial and commercial organizations and societies, and assists enterprises in promoting corporate governance. It also establishes liaison windows for stronger partnership between the Bureau and businesses.