Article Content
Section 1 Deposit Accounts
| Article 52 | If a deposit account suspected of involvement in fraud has been reported as a watch-listed deposit account, and there are still unwithdrawn funds remitted (transferred) by a victim in the account, the deposit business institution shall return the remaining funds in the watch-listed deposit account to the victim after receiving a written notification from the authority that provided the original notification,and it shall notify the person that opened the account. The deposit business institution may return the funds after receiving the written notification. |
| Article 53 | When a deposit business institution implements measures in accordance with the preceding article, it shall notify the victims through the remitting (transferring) deposit business institutions to prepare the following documents and, based on the time of inward remittance (transfer), return the remaining money held in the watch-listed account to victims, starting from the last remitted amount first until there is no more money left in the watch-listed deposit account:
1.Identity certification document.
2. A certificate of case acceptance (processing) issued by the police authority.
3. Undertaking issued by the victim stating that he/she will bear all liability for any damages incurred by the deposit business institution due to untrue information provided by such victim. |
| Article 54 | With respect to returning the remaining funds held in a watch-listed deposit account pursuant to the preceding two articles, if any of the following occurs, the deposit business institution may settle and close the account, record such remaining money as an account payable, and wait until a person legally having the right to claim such money requests payment:
1.The account balance is less than a certain amount, such that the cost of returning the money would make such return not worthwhile.
2. The deposit business institution does not receive a notification for the return of funds from the authority that provided the original notification or is unable to contact the victim within three months after receiving the notification.
3. The victim is unwilling to report the case or to claim the money.
After the deposit business institution settles and closes the account in accordance with the preceding paragraph, it may rescind the effect of the watch-listing from the applicant of such watch-listed account once it is notified to rescind the account from the watch-list, or when the watch-list period expires. |
| Article 55 | If the fund in a deposit account has been seized, preserved, prohibited, or subjected to similarly measures under another law, and the deposit business institution subsequently receives a notification for the earmarking of remaining funds in the account from the authority that provided the original notification as described in Article 52, priority shall be given to the order for the seizure, preservation, prohibition, or similar sanction for such funds. |