Reported 12 months ago
In order to prevent speculative house buying, public banks in Taiwan have identified suspicious patterns and cases of potential irregularities in housing loans, which are now being reported to the Ministry of Finance. The banks are currently in contact with customers involved in these suspicious cases to further investigate whether they are involved in speculative activities or acting as intermediaries. The public banks are actively conducting checks weekly based on regulations to prevent investment clients from engaging in speculative activities and applying for loans through intermediaries. The investigation process is ongoing, with a focus on identifying any violations of regulations and addressing them accordingly, although the exact number of suspicious cases is still being determined.
Source: YAHOO