Mega Financial's new chairman vows reform after New York fine

Mega Financial Holding Co

02/09/2016 07:29

TAIPEI, Sept 2 (Reuters) - Mega Financial Holding's 
 2886.TW  new chairman said on Friday the state-run bank will 
strengthen its risk management and look into what had happened 
that led to its New York branch being fined $180 million for 
anti-money laundering violations. 
    "There are lots of doubts about us. We'll do whatever we can 
to find out what has happened," Michael C. S. Chang said at a 
handover ceremony.  
    Chang was appointed by the finance ministry on Thursday, one 
day after his predecessor Shiu Kuang-si resigned.  urn:newsml:reuters.com:*:nL3N1BD2RP  
 
 (Reporting by Faith Hung; Editing by Stephen Coates) 
 ((faith.hung@thomsonreuters.com; 8862 2500 4893; Reuters 
Messaging: faith.hung.thomsonreuters.com@reuters.net)) 
 
Keywords: MEGA FHC MANAGEMENT/