Taiwan Country Summary

FATF Status

Taiwan is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Taiwan was undertaken in 2019. According to that Evaluation, Taiwan was deemed Compliant for 10 and Largely Compliant for 26 of the FATF 40 Recommendations. It was also deemed Highly Effective for 0 and Substantially Effective for 7 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

Taiwan has established a robust legal framework to combat corruption, including stringent laws and penalties that govern public procurement and the conduct of public officials. The country voluntarily adheres to international anti-corruption standards and has mechanisms in place to ensure transparency and accountability, demonstrating a commitment to resilience against corruption and fostering a trustworthy investment climate.

Taiwan's economy is a vital player in global trade and investment, ranking among the world's top 20 economies with a strong focus on high-technology sectors such as semiconductors, 5G telecommunications, and artificial intelligence. Under the leadership of President Lai Ching-te, Taiwan is actively enhancing economic ties with the U.S. and promoting strategic industries through investment incentives, while also tightening foreign direct investment (FDI) regulations to safeguard national security. Despite its robust economic framework, challenges persist, including market dominance by state-owned enterprises, regulatory inconsistencies, and foreign ownership limits in sensitive sectors, which can deter potential investors.