Corporate Governance
Anti-Money Laundering and Combating the Financing of Terrorism Measures and Three Lines of Defense of Chailease Holding Co., Ltd.’s Subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd.
The Development of Anti-Money Laundering and Combating the Financing of Terrorism Measures of Chailease Holding Co., Ltd.’s Subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd.
Date Item
December 2016 Money Laundering Control Act considers financial leasing enterprises to be financial institutions which shall abide by relevant AML rules and regulation.
June 2018 The Financial Supervisory Commission promulgated the “Regulations Governing Anti-Money Laundering of Financial Leasing Enterprises.”
October 2018 Chailease Holding Co., Ltd’s subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd set up dedicated offices and recruited dedicated officers and personnel to supervise, plan and promulgate internal rules, policies and procedures related to Anti-Money Laundering and Countering the Financing of Terrorism, as requested by applicable laws in July, 2018.
November 2018 The Financial Supervisory Commission promulgated “ Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Financial Leasing Enterprises.”
October to December 2018 Chailease Holding Co., Ltd’s subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd. established the “Anti-Money Laundering and Combating the Financing of Terrorism Policy and Procedures.”
April 2019 Chailease Holding Co., Ltd’s subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd. established the AML Homepage in its internal systems, which include client risks assessment, warning of suspicious transaction and reporting of suspicious transaction and terrorist financing, etc.
June 2019 Chailease Holding Co., Ltd established ”Anti-Money Laundering and Combating the Financing of Terrorism Policy.”
September 2019 Chailease Holding Co., Ltd’s subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd. purchased the management system for Anti-Money Laundering and launched the project to establish AML system.
March 2020 In order to execute and enforce the procedures for Anti-Money Laundering and Combating the Financing of Terrorism, Chailease Holding Co., Ltd’s subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd. integrated the effectiveness of AML and CFT into the Key Performance Indicators (KPI) of the business and credit control personnel.
December 2020 On 7th December, 2020, the AML management system was officially launched, which was divided into three modules, including (1) AML Watch List Filtering, (2) Customer Due Diligence and (3) AML Suspicious Activity Monitoring.
The Screening Procedures of Anti-Money Laundering and Combating the Financing of Terrorism of Chailease Holding Co., Ltd.'s Subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd.
Reporting of Suspicious Transactions
Reporting of Cases Involving Financing of Terrorism

Education and Training

Chailease Holding Co., Ltd’s subsidiaries Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd. not only arrange appropriate education and training to its respective directors, supervisors, presidents, compliance officers, internal auditors and business staffs based on the nature of its business, as obliged by the “Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Combating Terrorist Financing of Financial Leasing Enterprises,” but also complete the mandatory 12-hour annual AML and CFT training for the dedicated offices. Furthermore, Chailease Finance Co., Ltd. and Fina Finance & Trading Co., Ltd. also make arrangement for AML and CFT training as part of the new employee orientation program.