合作金庫商業銀行 (Co-operative Treasury Bank)
Taiwan
On Aug 17, 2026, Taiwan's Financial Supervisory Commission fined Co-operative Treasury Bank (合作金庫商業銀行) NT$12 million for deficiencies in its credit card suspicious-account operations. The FSC found violations of Banking Act Article 45-1, Paragraph 1, along with breaches of the internal control and audit regulations for financial holding companies and banks. The penalty was imposed under Article 129, Paragraph 7 of the same act.
The regulator ordered the bank to correct the cited deficiencies under Article 61-1, Paragraph 1. It also suspended the bank from accepting new customer credit card applications for one month, effective the day after the penalty notice was delivered. The suspension will be lifted only after the FSC confirms the bank has remediated the issues.
- Highlights regulator focus on chargeback dispute handling and internal controls in card programs
- Banks partnering with fintechs on card issuance must ensure robust chargeback and dispute resolution processes
- Operational failures in third-party or fintech-enabled card programs can result in business suspensions
- OfficialTaiwan FSC Penalty Notice