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Taiwan is investigating a bank linked to the so-called Panama Papers scandal, in the wake of a $180 million fine levied by U.S. authorities for "flagrant disregard" of anti-money laundering laws.American regulators last week said Taiwan's Mega International Commercial Bank showed indifference towards transactions carried out through Panama, which it calls a "high-risk jurisdiction for money-laundering". Taiwan's Financial Supervisory Commission (FSC) said late Sunday it has formed a committee to investigate the case and ordered Taiwanese banks with overseas branches to tighten their anti-money laundering controls.
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