Regulations
Beware of underground wire transfer scams
- Location:臺灣
- Date:
- Update Date:2022/09/07
- Clicks:72
▍Beware of underground wire transfer scams
Underground money transfers are risky and illegal. If you need to send money back home, please go through legal channels and use banks to transfer money. Do not trust people offering money transfers that are “fast, have low/zero transaction fees and better exchange rates than banks” or “at-home cash pickup” to avoid losing large amounts of money.
In addition to being alert to scams, foreign workers should not attempt to scam their compatriots.
※ According to Article 29 of the Banking Act, any person other than a bank handling foreign remittances can be sentenced to 3-10 years in prison, plus a fine of NT$10 million to NT$200 million.