Taiwan's Mega Financial says chairman submits resignation after U.S. fine

Mega Financial Holding Co

31/08/2016 04:19

TAIPEI, Aug 31 (Reuters) - Taiwan's Mega Financial Holding 
Co  2886.TW  said on Wednesday its chairman, Shiu Kuang-si, has 
submitted his resignation, the latest development following 
investigations into the firm after its banking unit violated 
U.S. anti-money laundering regulations. 
    The New York branch of Mega Financial's banking unit agreed 
earlier this month to pay $180 million to New York state's 
financial regulator for anti-money laundering violations that 
included lax attention to risk exposure in Panama.  urn:newsml:reuters.com:*:nL3N1B4221  
 
 (Reporting by J.R. Wu; Editing by Muralikumar Anantharaman) 
 ((jr.wu@thomsonreuters.com; +886 2 2500 4881; Reuters 
Messaging: jr.wu.thomsonreuters.com@reuters.net)) 
 
Keywords: MEGA FHC TAIWAN/PROBE