| Chapter 5 Return of Remaining Funds or Virtual Assets |
Section 3 Credit Cards |
| Article 60 |
If a credit card settlement number suspected of involvement in fraud has been reported as a watch-listed credit card settlement number, and there are still unwithdrawn funds remitted (transferred) by a victim, the credit card business institution shall return the remaining funds in the watch-listed credit card settlement number to the victim after receiving a written notification from the authority that provided the original notification, and notify the cardholder. The credit card business institution may return the funds after receiving the written notification. |
| Article 61 |
When a credit card business institution implements measures in accordance with the preceding article, if the funds are remitted (transferred) from a deposit business institution or an electronic payment institution, it shall notify the victims through the remitting (transferring) deposit business institution or electronic payment institution to prepare the following documents and, based on the time of inward remittance (transfer), return the remaining money held in the watch-listed credit card settlement number to victims:
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 credit card business institution due to untrue information provided by such victim. |
| Article 62 |
With respect to returning the remaining funds held in a watch-listed credit card settlement number pursuant to the preceding two articles, if any of the following occurs, the credit card business institution may 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 credit card 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 more than three months after receiving the notification.
3. The victim is unwilling to report the case or to claim the money.
After the credit card business institutionrecords the remaining funds in the account as other payables, the credit card business institution may rescind the effect of the watch-listing from the credit card once it is notified to rescind the account from the watch-list, or when the watch-list period expires. |
| Article 63 |
If the fund in a credit card settlement number has been seized, preserved, prohibited, or subjected to similarly measures under another law, and the credit card 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 60, priority shall be given to the order for the seizure, preservation, prohibition, or similar sanction for such funds. |