FSC: Warning Accounts Expected to Drop Below 140,000, 3 Banks on Blacklist
Taiwan's Financial Supervisory Commission (FSC) announced that warning accounts (fraud-related bank accounts) have steadily decreased since the introduction of management indicators in April last year, reaching 143,000 by the end of March. The number is still declining and is expected to fall below 140,000 soon, with three banks currently on the "blacklist."
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- 📰 Published: May 11, 2026 at 17:43
- 🔍 Collected: May 11, 2026 at 18:02 (18 min after Published)
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Central News Agency
(Central News Agency reporter Su Szu-yun, Taipei, 11th) The Financial Supervisory Commission (FSC) today stated that since the establishment of indicators for managing bank warning accounts in April last year, effectiveness has been emerging. By the end of March this year, warning accounts had decreased to 143,000 and continue to decline, soon to drop below 140,000. Currently, three banks are on the warning account blacklist; as for the cross-industry notification mechanism between financial institutions and VASP (Virtual Asset Service Providers), the sub-laws are expected to be announced by the end of May and implemented by the end of August or September.
Last year, the FSC set two evaluation indicators for observing and urging improvements in bank warning accounts. First, the proportion of warning accounts in the current month divided by the proportion of deposit accounts; second, the monthly growth rate of new warning accounts divided by the average monthly growth rate of new warning accounts in the same industry. If both ratios are simultaneously greater than 100%, the bank will be placed on the warning account blacklist.
The Legislative Yuan's Finance Committee today reviewed the FSC's 2026 budget proposal and conducted inquiries. KMT Legislator Yen Kuan-heng questioned the effectiveness of Taiwan's anti-fraud special law in combating criminal acts, noting that there were still 149,000 warning accounts at the end of 2024. He expressed concern about the current status of warning accounts and whether any banks were on the warning account blacklist.
FSC Banking Bureau Director Tung Cheng-chang pointed out that since the establishment of the warning account management mechanism in 2025, its effectiveness has gradually emerged. Starting from October 2025, the number of bank warning accounts has decreased by approximately 2,000 to 3,000 accounts per month. By the end of March this year, warning accounts dropped to 143,000 and continue to decline, soon to fall below 140,000. Currently, three institutions are on the observation list, and the FSC will continue to monitor them. The purpose is not to disclose the institutions but to continuously reduce warning accounts.
At the end of last year, the Executive Yuan passed a draft amendment to parts of the "Anti-Fraud Crime Act," establishing mechanisms such as protection for suspected fraud victims and cross-industry notification between financial institutions and VASPs, thereby completing the legal framework for financial fraud prevention.
Director Tung Cheng-chang stated in a post-meeting interview that after the amendment of the anti-fraud act, financial institutions and VASP operators are authorized to conduct cross-industry notification and data interfacing. Discussions with operators have recently taken place, and the content of the sub-law amendment is expected to be announced by the end of May, with future financial institutions being able to communicate with VASP operators to fully grasp fund flows and virtual asset statuses. The sub-laws are expected to be implemented by the end of August or September.
Tung Cheng-chang also said that before the implementation of the sub-laws, the Bankers Association, the Electronic Payment Association, and the VASP Association will be asked to strengthen relevant mechanisms through practical liaison. (Editor: Chang Chun-mao) 1150511
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(Central News Agency reporter Su Szu-yun, Taipei, 11th) The Financial Supervisory Commission (FSC) today stated that since the establishment of indicators for managing bank warning accounts in April last year, effectiveness has been emerging. By the end of March this year, warning accounts had decreased to 143,000 and continue to decline, soon to drop below 140,000. Currently, three banks are on the warning account blacklist; as for the cross-industry notification mechanism between financial institutions and VASP (Virtual Asset Service Providers), the sub-laws are expected to be announced by the end of May and implemented by the end of August or September.
Last year, the FSC set two evaluation indicators for observing and urging improvements in bank warning accounts. First, the proportion of warning accounts in the current month divided by the proportion of deposit accounts; second, the monthly growth rate of new warning accounts divided by the average monthly growth rate of new warning accounts in the same industry. If both ratios are simultaneously greater than 100%, the bank will be placed on the warning account blacklist.
The Legislative Yuan's Finance Committee today reviewed the FSC's 2026 budget proposal and conducted inquiries. KMT Legislator Yen Kuan-heng questioned the effectiveness of Taiwan's anti-fraud special law in combating criminal acts, noting that there were still 149,000 warning accounts at the end of 2024. He expressed concern about the current status of warning accounts and whether any banks were on the warning account blacklist.
FSC Banking Bureau Director Tung Cheng-chang pointed out that since the establishment of the warning account management mechanism in 2025, its effectiveness has gradually emerged. Starting from October 2025, the number of bank warning accounts has decreased by approximately 2,000 to 3,000 accounts per month. By the end of March this year, warning accounts dropped to 143,000 and continue to decline, soon to fall below 140,000. Currently, three institutions are on the observation list, and the FSC will continue to monitor them. The purpose is not to disclose the institutions but to continuously reduce warning accounts.
At the end of last year, the Executive Yuan passed a draft amendment to parts of the "Anti-Fraud Crime Act," establishing mechanisms such as protection for suspected fraud victims and cross-industry notification between financial institutions and VASPs, thereby completing the legal framework for financial fraud prevention.
Director Tung Cheng-chang stated in a post-meeting interview that after the amendment of the anti-fraud act, financial institutions and VASP operators are authorized to conduct cross-industry notification and data interfacing. Discussions with operators have recently taken place, and the content of the sub-law amendment is expected to be announced by the end of May, with future financial institutions being able to communicate with VASP operators to fully grasp fund flows and virtual asset statuses. The sub-laws are expected to be implemented by the end of August or September.
Tung Cheng-chang also said that before the implementation of the sub-laws, the Bankers Association, the Electronic Payment Association, and the VASP Association will be asked to strengthen relevant mechanisms through practical liaison. (Editor: Chang Chun-mao) 1150511
Choose to stand with the facts. Every sponsorship you provide is a force to protect press freedom.
Download the Central News Agency "First-Hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.