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英譯法規內容

法規名稱(Title) Regulations Governing Anti-money Laundering of Agricultural Financial Institutions Ch
公發布日(Date) 2018.12.27
法規沿革(Legislative) 1.Promulgated per order of Council of Agriculture No.
Nong-Jin-Zi-1065074296A dated July 26, 2017 and error
correction (Article 3) announced per letter No.
Nong-Shou-Jin-Zi-1065074440 dated September 20, 2017.
2.Amendment of Articles 3, 10, 14 and 15 promulgated per order
of Council of Agriculture No. Nong-Jin-Zi-1075074662A dated
December 27, 2018.
法規內文(Content) Article 1
These Regulations are enacted pursuant to the front section of 
Paragraph 4, Article 7, Paragraph 3 of Article 8, Paragraph 3 of 
Article 9 and Paragraph 3 of Article 10 of the Money Laundering 
Control Act (referred to as the “Act” hereunder).

Article 2
Terms used in these Regulations are defined as follows:
1. The term “agricultural financial institution” shall mean 
   credit departments of farmers’ associations, credit 
   departments of fishermen’s associations (collectively 
   referred to as “credit departments” hereunder) and 
   Agricultural Bank of Taiwan.
2. The term “a certain amount” shall mean NT$500,000 
   (including the foreign currency equivalent thereof).
3. The term “cash transaction” shall mean cash receipt or 
   payment in a single transaction (including all transactions 
   recorded on cash deposit or withdrawal vouchers for 
   accounting purpose), or the transaction of currency exchange.
4. The term “customer” shall mean the customers of 
   agricultural financial institutions.
5. The term “beneficial owner” shall mean a natural person who 
   ultimately owns or controls a customer and/or the natural 
   person on whose behalf a transaction is being conducted, 
   including those persons who exercise ultimate effective 
   control over a legal person or arrangement.
6. The term “risk-based approach” (RBA) shall mean 
   agricultural financial institutions should identify, assess 
   and understand the money laundering and terrorist financing 
   (ML/TF) risks to which they are exposed and take anti-money 
   laundering and countering terrorist financing (AML/CFT) 
   measures commensurate to those risks in order to mitigate 
   them. Based on the RBA, agricultural financial institutions 
   should adopt enhanced control measures for higher risk 
   situations, and adopt relatively simplified control measures 
   for lower risk situations to allocate resources efficiently, 
   and use the most appropriate and effective approach to 
   mitigate the identified ML/TF risks.

Article 3
An agricultural financial institution shall comply with the 
following provisions in undertaking customer due diligence 
(CDD) measures:
1. An agricultural financial institution shall not accept 
   anonymous accounts or accounts in fictitious names for 
   establishing or maintaining business relationship.
2. An agricultural financial institution shall undertake CDD 
   measures when:
   A. establishing business relations with any customer;
   B. carrying out occasional transactions with respect to:
      (1) a transaction (including domestic remittance) above a 
          certain amount or multiple apparently related 
          transactions that is above a certain amount when 
          combined; or
      (2) a cross-border wire transfer involving NTD30,000 or 
          more (including the foreign currency equivalent 
          thereof);
   C. there is a suspicion of money laundering or terrorist 
      financing; or
   D. The agricultural financial institution has doubts about 
      the veracity or adequacy of previously obtained customer 
      identification data.
3. The CDD measures to be taken by an agricultural financial 
   institution are as follows:
   A. Identifying and verifying the customer’s identity using 
      reliable, independent source documents, data or 
      information, and in addition, retaining copies of the 
      customer’s identity documents or record the relevant 
      information thereon.
   B. Verifying that any person purporting to act on behalf of 
      the customer is so authorized, identifying and verifying 
      the identity of that person using reliable, independent 
      source documents, data or information where the customer 
      opens an account or conducts a transaction through an 
      agent, and in addition, retaining copies of the person’s 
      identity documents or record the relevant information 
      thereon.
   C. Taking reasonable measures to identify and verify the 
      identity of the beneficial owner of a customer, including 
      using reliable source data or information .
   D. Enquiring information on the purpose and intended nature 
      of the business relationship when undertaking CDD 
      measures, and obtaining relevant information in view of 
      the circumstances.
4. When the customer is a legal person, an organization or a 
   trustee, an agricultural financial institution shall 
   understand the business nature of the customer or trust 
   (including trust-like legal arrangements) and obtain at 
   least the following information on the customer or the trust 
   to identify and verify the identity of the customer:
   A. Name, legal form and proof of existence of customer or 
      trust.
   B. The charter or similar power document that regulates and 
      binds the customer or the trust, except for any of the 
      following circumstances:
      (1) Customers/entities listed under Item C of Subparagraph  
          6 hereof and insurance products listed under Item D of 
          Subparagraph 6 hereof are free of the situation 
          described in the proviso of Subparagraph 3, Article 6 
          herein.
      (2) The customer who is an organization acknowledges that 
          it does not have a charter or similar power document.
   C. The names of those persons having a senior management 
      position in the customer.
   D. The address of the registered office of the customer, and 
      the address of its principal place of business.
5. When the customer is a legal person, an agricultural 
   financial institution shall understand whether the customer 
   is able to issue bearer shares and adopt appropriate measures 
   for customers who have issued bearer shares to ensure its 
   beneficial owners are kept up-to-date.
6. When the customer is a legal person, an organization or a 
   trustee, an agricultural financial institution shall, in 
   accordance with Item C of Subparagraph 3 hereof, understand 
   the ownership or control structure of the customer or the 
   trust, and obtain the following information to identify the 
   beneficial owners of the customer and take reasonable 
   measures to verify the identity of such persons:
   A. For legal persons or organizations:
      (1) The identity of the natural persons who ultimately 
          have a controlling ownership interest in a legal 
          person. A controlling ownership interest refers to 
          owning more than 25 percent of a legal person’s 
          shares or capital; an agricultural financial 
          institution may request the shareholder list or other 
          documents from the customer to assist in the 
          identification.
      (2) To the extent where no natural person exerting control 
          through ownership interests is identified or that 
          there is doubt as to whether the person(s) with the 
          controlling ownership interest are the beneficial 
          owner(s) under (1) above, an agricultural financial 
          institution should identify the identity of the 
          natural persons (if any) exercising control of the 
          customer through other means.
      (3) Where no natural person is identified under (1) or (2) 
          above, an agricultural financial institution shall 
          identify the identity of the relevant natural person 
          who holds the position of senior managing official.
   B. For trustees: the identity of the settlor(s), the 
      trustee(s), the trust supervisor, the beneficiaries, and 
      any other person exercising ultimate effective control 
      over the trust, or the identity of persons in equivalent 
      or similar positions.
   C. Except for situations provided for in the proviso of 
      Subparagraph 3 of Article 6 herein or where the customer 
      has issued bearer shares, an agricultural financial 
      institution is not subject to the requirements of 
      identifying and verifying the identity of beneficial owner 
      set out under Item C of Subparagraph 3 hereof, provided 
      the customer or a person having a controlling ownership 
      interest in the customer is
      (1) a R.O.C government entity;
      (2) an enterprise owned by the R.O.C government;
      (3) a foreign government entity;
      (4) a public company and its subsidiaries;
      (5) an entity listed on a stock exchange outside of R.O.C. 
          that is subject to regulatory disclosure requirements 
          of its principal shareholders, and the subsidiaries of 
          such entity;
      (6) a financial institution supervised by the R.O.C. 
          government, and an investment vehicles managed by 
          such institution;
      (7) a financial institution incorporated or established 
          outside R.O.C. that is subject to and supervised for 
          compliance with AML/CFT requirements consistent with 
          standards set by the Financial Action Task Force on 
          Money Laundering (FATF), and an investment vehicle 
          managed by such institution; or
      (8) a fund administered by a R.O.C. government entity; or
      (9) an employee stock ownership trust or an employee 
          savings trust.
   D. Except for situations provided for in the proviso of 
      Subparagraph 3 of Article 6 herein, an agricultural 
      financial institution is not subject to the requirements 
      of identifying and verifying the identity of beneficial 
      owner set out under Item C of Subparagraph 3 hereof when 
      the customer purchases property insurance, accident 
      insurance, health insurance or an insurance product that 
      does not require policy value reserve.
7. An agricultural financial institution should not establish a 
   business relationship or carry out occasional transactions 
   with a customer before completing the CDD process. However, 
   an agricultural financial institution may first obtain 
   information on the identity of the customer and any 
   beneficial owner and complete the verification following the 
   establishment of business relationship, provided that:
   A. money laundering and terrorist financing risks are 
      effectively managed, including adopting risk management 
      procedures with respect to the conditions under which a 
      customer may utilize the business relationship to complete 
      a transaction prior to verification;
   B. it would be essential not to interrupt the normal conduct 
      of business with the customer; and
   C. verification of the identities of customer and beneficial 
      owner will be completed as soon as reasonably practicable 
      following the establishment of business relationship. The 
      agricultural financial institution shall terminate the 
      business relationship if verification cannot be completed 
      as soon as reasonably practicable and inform the customer 
      in advance.
8. Where an agricultural financial institution is unable to 
   complete the required CDD process on a customer, it should 
   consider reporting suspicious transactions in relation to 
   the customer.
9. If an agricultural financial institution suspects that a 
   customer or transaction may relate to money laundering or 
   terrorist financing activities and reasonably believes that 
   performing the CDD process will tip-off the customer, it may 
   choose not to pursue that process and file a suspicious 
   transactions report instead.

Article 4
If there exists any of the following situations in the CDD 
process, an agricultural financial institution should decline to 
establish business relationship or carry out any transaction 
with the customer:
1. The customer is suspected of opening an anonymous account or 
   using a fake name, a nominee, a shell entity, or a shell 
   corporation to open an account;
2. The customer refuses to provide the required documents for 
   identifying and verifying his/her identity;
3. Where a customer opens an account through an agent, it is 
   difficult to check and verify the facts of agency and 
   identity related information;
4. The customer uses forged or altered identification documents;
5. The customer only provides photocopies of the identification 
   documents; the preceding provision does not apply to for 
   businesses where a photocopy or image file of the 
   identification document supplemented with other control 
   measures are acceptable;
6. Documents provided by the customer are suspicious or unclear, 
   or the customer refuses to provide other supporting 
   documents, or the documents provided cannot be authenticated;
7. The customer procrastinates in providing identification 
   documents in an unusual manner;
8. The customer is an individual, legal entity or organization 
   sanctioned under the Terrorism Financing Prevention Act or a 
   terrorist or terrorist group identified or investigated by a 
   foreign government or an international anti-money laundering 
   organization, except for payments made under Subparagraphs 
   2 ~ 4, Paragraph 1, Article 6 of the Terrorism Financing 
   Prevention Act; or
9. Other unusual circumstances exist in the process of 
   establishing business relationship and the customer fails to 
   provide reasonable explanations.

Article 5
The CDD measures of an agricultural financial institution shall 
include ongoing customer due diligence and observe the following 
provisions:
1. An agricultural financial institution shall apply CDD 
   measures to existing customers on the basis of materiality 
   and risk, and to conduct due diligence on such existing 
   relationships at appropriate times, taking into account 
   whether and when CDD measures have previously been undertaken 
   and the adequacy of data obtained. The aforementioned 
   appropriate times include at least:
   A. When the customer opens a new account or enters new 
      business relationships;
   B. When it is time for periodic review of the customer 
      scheduled on the basis of materiality and risk; and
   C. When it becomes known that there is a material change to 
      customer’s identity and background information. 
2. An agricultural financial institution shall scrutinize 
   transactions taken place during its business relationship 
   with a customer to ensure that the transactions being 
   conducted are consistent with the institution’s knowledge of 
   the customer, the customer’s business and risk profile, 
   including, where necessary, the source of funds. 
3. An agricultural financial institution shall periodically 
   review the adequacy of customer identification information 
   obtained in respect of customers and beneficial owners and 
   ensure that the information is kept up to date, particularly 
   for higher risk categories of customers, for whom the 
   agricultural financial institution should conduct review at 
   least once every year.   
4. An agricultural financial institution is entitled to rely on 
   the identification and verification steps that it has already 
   undertaken. Therefore an agricultural financial institution 
   is allowed not to repeatedly identify and verify the identity 
   of each customer every time that a customer conducts a 
   transaction unless it has doubts about the veracity or 
   adequacy of that information, discovers that the customer is 
   involved in a transaction suspicious of money laundering or 
   terrorist financing, or discovers that there is a material 
   change in the way that the customer’s account is operated, 
   which is not consistent with the customer’s business 
   profile. In such events, the agricultural financial 
   institution shall conduct CDD again in accordance with the 
   provisions of Article 3 herein.

Article 6
An agricultural financial institution shall determine the extent 
of applying CDD and ongoing CDD measures under Subparagraph 3 of 
Article 3 herein and the preceding Article using a risk-based 
approach (RBA) and observe the following provisions: 
1. For higher risk circumstances, an agricultural financial 
   institution shall apply enhanced CDD or ongoing CDD measures 
   by adopting additionally at least the following enhanced 
   measures:
   A. Obtaining the approval of senior management before 
      establishing or entering a new business relationship; 
   B. Adopting reasonable measures to understand the sources of 
      wealth and the source of funds of the customer; source of 
      funds means the actual source of funds from where the 
      funds are derived; and
   C. Adopting enhanced ongoing monitoring of business 
      relationship.
2. For customers from high ML/TF risk countries or regions, an 
   agricultural financial institution shall conduct enhanced CDD 
   measures consistent with the risks identified.
3. For lower risk circumstances, an agricultural financial 
   institution may adopt simplified CDD measures, which shall be 
   commensurate with the lower risk factors. However simplified 
   CDD measures are not allowed in any of the following 
   circumstances:
   A. Where the customers are from or in countries or regions 
      known to have inadequate AML/CFT regimes, including but 
      not limited to those which designated by international 
      organizations on AML/CFT as countries or regions with 
      serious deficiencies in their AML/CFT regime, and other 
      countries or regions that do not or insufficiently comply 
      with the recommendations of international organizations on 
      AML/CFT as forwarded by the Council of Agricultural, 
      Executive Yuan (referred to as “the Council” hereunder); 
      or 
   B. Where an agricultural financial institution suspects that 
      money laundering or terrorist financing is involved.

Article 7
An agricultural financial institution should perform its own CDD 
operation. However if it is otherwise permitted by law or the 
Council that an agricultural financial institution may reply on 
third parties to perform the identification and verification of 
the identities of customers, agents and beneficial owners or the 
purpose and intended nature of the business relationship, the 
agricultural financial institution relying on the third party 
shall still bear the ultimate responsibility for CDD measures 
and comply with the following provisions:
1. An agricultural financial institution relying on a third 
   party should be able to immediately obtain the necessary CDD 
   information.
2. An agricultural financial institution should take adequate 
   steps to satisfy itself that copies of identification data 
   and other relevant documentation relating to the CDD 
   requirements will be made available from the third party 
   upon request without delay.
3. An agricultural financial institution shall make sure that 
   the third party it relies on is regulated, supervised or 
   monitored, and has appropriate measures in place for 
   compliance with CDD and record-keeping requirements.
4. An agricultural financial institution shall make sure that 
   the jurisdiction at where the third party it relies on is 
   based has AML/CFT regulations in place that are consistent 
   with the standards set out by the FATF.

Article 8
Agricultural financial institutions shall observe the following 
provisions in checking the names of customers and trading 
counterparties:
1. An agricultural financial institution shall establish 
   policies and procedures for checking the names of customers 
   and trading counterparties using a risk-based approach to 
   detect, match and filter customers, senior managerial 
   officers or beneficial owners of customers, or trading 
   counterparties that are individuals, legal entities or 
   organizations sanctioned under the Terrorism Financing 
   Prevention Act or terrorists or terrorist groups identified 
   or investigated by a foreign government or an international 
   anti-money laundering organization.
2. The policies and procedures for checking the names of 
   customers and trading counterparties of an agricultural 
   financial institution shall include at least matching and 
   filtering logics, implementation procedures and inspection 
   standards, and shall be documented.
3. An agricultural financial institution shall document its name 
   and account checking operations and maintain the records for 
   a time period in accordance with Article 11 herein.

Article 9
Agricultural financial institutions shall observe the following 
provisions for ongoing monitoring of accounts or transactions:
1. An agricultural financial institution shall use a database to 
   consolidate basic information and transaction information on 
   all customers for inquiries for AML/CFT purpose so as to 
   strengthen the institution’s account or transaction 
   monitoring ability. An agricultural financial institution 
   shall also establish internal control procedures for requests 
   and inquiries as to customer information made by various 
   entities, and shall exercise care to ensure the 
   confidentiality of the information.
2. An agricultural financial institution shall establish 
   policies and procedures for account or transaction monitoring 
   using a risk-based approach and utilize information system to 
   assist in the detection of suspicious ML/FT transactions.
3. An agricultural financial institution shall review its 
   policies and procedures for account or transaction monitoring 
   based on AML/CFT regulations, nature of customers, business 
   size and complexity, money laundering and terrorist financing 
   related trends and information obtained from internal and 
   external sources, and the results of internal risk 
   assessment, and update those policies and procedures 
   periodically.
4. The policies and procedures for account or transaction 
   monitoring of an agricultural financial institution shall 
   include at least the procedures for establishing a complete 
   monitoring system, and carrying out the setting of 
   parameters, threshold amounts, alerts and monitoring 
   operations, the procedures for checking the monitored cases 
   and reporting standards, and shall be documented.
5. A complete monitoring system mentioned in the preceding 
   Subparagraph shall include the patterns published by the 
   trade associations in the case of Agricultural Bank of Taiwan 
   and patterns published by the Agricultural Bank of Taiwan as 
   well as additional monitoring patterns in reference to the 
   money laundering and terrorist financing risk assessment or 
   daily transaction information of the agricultural financial 
   institution itself in the case of credit departments. 
6. An agricultural financial institution shall document its 
   ongoing account or transaction monitoring operation and 
   maintain the records for a time period in accordance with 
   Article 11 herein.

Article 10
When conducting CDD, an agricultural financial institution 
should adopt appropriate risk management mechanisms to determine 
whether a customer or beneficial owner or senior managerial 
officer of a customer is a person who is or has been entrusted 
with a prominent function by a R.O.C. government, a foreign 
government or an international organization (referred to as 
politically exposed persons (PEPs) hereunder) and observe the 
following provisions:
1. For a customer or beneficial owner determined to be a current 
   PEP of a foreign government, an agricultural financial 
   institution shall treat the customer directly as a high-risk 
   customer, and adopt enhanced CDD measures under Subparagraph 
   1 of Article 6 herein.
2. For a customer or beneficial owner determined to be a current 
   PEP of a R.O.C. government or an international organization, 
   an agricultural financial institution shall assess risks when 
   establishing business relationship with the person and 
   conduct annual review thereafter. In case of higher risk 
   business relationship with such customers, the institution 
   shall adopt enhanced CDD measures under Subparagraph 1 of 
   Article 6 herein.
3. For a senior managerial officer of a customer determined to 
   be a current PEP of a R.O.C. government, a foreign government 
   or an international organization, an agricultural financial 
   institution shall determine whether to apply the enhanced CDD 
   measures under Subparagraph 1 of Article 6 by considering the 
   level of influence the officer has on the customer.
4. For former PEPs of R.O.C. or foreign governments or 
   international organizations, an agricultural financial 
   institution shall the level of influence that the individual 
   could still exercise by considering relevant risk factors and 
   determine whether to apply the provisions of the preceding 
   three Subparagraphs based on the RBA.
5. The preceding four Subparagraphs apply to family members and 
   close associates of PEPs. The scope of family members and 
   close associates mentioned above will be determined in a 
   manner stipulated in the latter section of Paragraph 4, 
   Article 7 of the Act.
Provisions of the preceding Paragraph do not apply when the 
beneficial owner or senior managerial officer of a customer 
specified under sub-items (1) ~ (3) and (8) of Item C, 
Subparagraph 6, Article 3 herein is a PEP.

Article 11
An agricultural financial institution shall keep records on all 
business relations and transactions with its customers in hard 
copy or electronical form and in accordance with the following 
provisions:  
1. An agricultural financial institution shall maintain all 
   necessary records on transactions, both domestic and 
   international, for at least five years or a longer period as 
   otherwise required by law.
2. An agricultural financial institution shall keep all the 
   following information for at least five years or a longer 
   period as otherwise required by law after the business 
   relationship is ended, or after the date of the occasional 
   transaction:
   A. All records obtained through CDD measures, such as copies 
      or records of official identification documents like 
      passports, identity cards, driving licenses or similar 
      documents.
   B. Account files or contract files.
   C. Business correspondence, including inquiries to establish 
      the background and purpose of complex, unusual large 
      transactions and the results of any analysis undertaken.
3. Transaction records maintained by an agricultural financial 
   institution must be sufficient to permit reconstruction of 
   individual transactions so as to provide, if necessary, 
   evidence for prosecution of criminal activity.
4. An agricultural financial institution shall ensure that 
   information on transaction records and CDD information will 
   be swiftly made available to the competent authorities when 
   such requests are made with appropriate authority.

Article 12
Agricultural financial institutions shall comply with the 
following provisions with respect to cash transactions above a 
certain amount:
1. Verify the identity of the customer and keep relevant 
   transaction records.
2. Conduct CDD measures in accordance with the following 
   provisions:
   A. Check the identity (ID) document or passport provided by 
      the customer and record the customer’s name, date of 
      birth, address, telephone, account number, amount of 
      transaction, and ID number. Notwithstanding the foregoing, 
      in case that the customer is confirmed to be exactly the 
      accountholder, it should be clearly noted in the 
      transaction record rather than undertaking a repeated ID 
      verification.
   B. If the transaction is conducted by an agent, check the 
      identity of the agent by checking his or her ID document 
      or passport and record the name, date of birth, address, 
      and telephone of the agent, account number, amount of 
      transaction, and ID number. 
   C. For occasional transactions, verify the identity of the 
      customer in accordance with Subparagraph 3 of Article 3 
      herein.
3. Except for situations specified in Article 13 herein, report 
   the transaction to the Investigation Bureau, Ministry of 
   Justice (referred to as “Investigation Bureau” hereunder) 
   in a format prescribed by the Investigation Bureau via 
   electronic media in five business days after the completion 
   of transaction. If an agricultural financial institution is 
   unable to file a report via electronic media with a 
   legitimate reason, the institution may file a written report 
   after obtaining the consent of the Investigation Bureau.
4. Keep the data reported to the Investigation Bureau and 
   relevant transaction records in accordance with Article 11 
   herein.

Article 13
An agricultural financial institution is not required to file a 
report on any of the following cash transactions above a certain 
amount with the Investigation Bureau, provided the financial 
institution verifies the identity of the customer and keeps the 
transaction records thereof:
1. Deposits into the accounts opened by government agencies, 
   state-run enterprises, institutions acting with governmental 
   power (within the scope of mandate), public and private 
   schools, public enterprises and government funds established 
   where relevant regulations or contractual relationships so 
   provide and their transactions with the agricultural 
   financial institution.
2. Receivables and payables collected and made by an 
   agricultural financial institution on behalf of government 
   treasuries.
3. Transactions and fund arrangements between financial 
   institutions. Notwithstanding the foregoing, payables to 
   another financial institution’s customer paid through an 
   inter-bank deposit account, such as a customer cashing the 
   check issued by another financial institution, shall be 
   handled as required, provided the cash transaction of the 
   same customer exceeds a certain amount.
4. Funds paid by a lottery merchant for purchasing lottery 
   tickets.
5. Payments collected on behalf of a third party (excluding 
   payments deposited in designated stock subscription accounts 
   and credit card payments collected) where the payment notice 
   expressly bears the name, ID Card number (including the code 
   which enables tracking of counterparty’s identity), and type 
   and amount of transaction. Nevertheless, the duplicate copy 
   of the payment notice shall be kept as the transaction 
   record.
In case of non-individual accounts such as those opened by 
department stores, megastores, supermarket chains, gas stations, 
hospitals, transportation businesses and hotels and restaurants 
which must deposit cash amounting to over a certain amount 
constantly or routinely in line with business needs, an 
agricultural financial institution may, after verifying the 
actual business needs, submit the name list to the Investigation 
Bureau. Verification and reporting of transactions on a 
case-by-case basis may be waived for such an account unless the 
Investigation Bureau responds to the contrary within ten days 
from the receipt of the name list. An agricultural financial 
institution shall examine the counterparties to the transactions 
exempted from reporting on a case-by-case basis at least once 
every year, and report to the Investigation Bureau for 
recordation if a counterparty no longer has business dealing as 
mentioned in this paragraph with it.

Article 14
Agricultural financial institutions shall file suspicious 
transaction reports in accordance with following provisions:
1. For transactions related to the monitoring patterns under 
   Subparagraph 5 of Article 9 herein or other unusual 
   situations, an agricultural financial institution shall 
   promptly complete review to determine whether suspicious 
   money laundering or terrorist financing activities are 
   involved and save related records in accordance with 
   Subparagraphs 4 and 6 of Article 9 herein.
2. If a transaction is deemed suspected of money laundering or 
   terrorist financing upon review, an agricultural financial 
   institution shall, regardless of the amount of transaction 
   and regardless whether the transaction is completed or not, 
   promptly file a STR with the Investigation Bureau in a format 
   prescribed by the Bureau in no later than two business days 
   after the report has been approved by the responsible chief 
   compliance officer at the institution. 
3. For obviously significant suspected money laundering 
   transactions of urgent nature, an agricultural financial 
   institution should file a report as soon as possible to the 
   Investigation Bureau by fax or other available means and 
   follow it up with a written report. The agricultural 
   financial institution is not required to submit a follow-up 
   written report, provided the Investigation Bureau has 
   acknowledged the receipt of report by sending a reply by fax. 
   In such event, the agricultural financial institution shall 
   retain the faxed reply.
4. The formats of STR and faxed reply mentioned in the preceding 
   two subparagraphs shall be prescribed by the Investigation 
   Bureau.
5. The data reported to the Investigation Bureau and relevant 
   transaction records shall be kept in accordance with Article 
   11 herein.

Article 15
These Regulations shall enter into force on June 28, 2017.
The amended articles of these Regulations shall enter into force 
on the date of promulgation.