Date of announcement  2018/06/26
Time of announcement  20:43:37
 
Date of events   2018/06/26 
To which item it meets paragraph 39
Statement 
1.Date of occurrence of the event:2018/06/26
2.Circumstances of the violation:The internal control
mechanism with respect to FX transactions procedure
was not properly followed resulting in exceeding the
limit , which breaches the requirements set forth in
Article 45-1 para.1 of the Banking Act.
3.Amount of administrative fines:NT$8 million
4.Status of the disposition by said competent authority:
KGI Bank is fined in the amount of NT$8 million and is
suspended from night shift trading (excluding existing
clients' flow trades and bank's hedging trades) for
three months.
The trader is dismissed and the department head is
suspended from performing his duties for three months.
5.Intended remedial measures:KGI Bank has reviewed the
related internal mechanism and executed the relevant
correction measures.
6.Effect on the Company’s business operations:None
7.Any other matters that need to be specified:None