TLDR: Taiwan is leveraging fintech solutions to combat financial fraud and crime. The Financial Supervisory Commission (FSC) plans to work with banks and financial institutions to help prevent fraud and financial crimes through the use of fintech tools. By adopting innovative technologies, Taiwan aims to enhance its anti-money laundering (AML) and know your customer (KYC) efforts, as well as improve overall financial security. The FSC’s focus on fintech solutions highlights the growing importance of technology in the battle against financial crime.
