4. Authorized banks and post offices under the Chunghwa Post Co. Ltd. shall abide by the
following provisions when performing ordinary outward and inward remittance business:
(1) Outward Remittance Business:
i. Documents Required: Operate in accordance with relevant documents filled out by the
customer and inspect ID documents or basic registered information. In the case of a company
or a firm, query the“company registration inquiry”section or“business registration in
quiry”section in the Commerce Industrial Services Portal of the Ministry of Economic
Affairs to confirm the basic registered information of the company or the firm. If the
foreign exchange is purchased with the New Taiwan dollar, banking enterprises shall
process the settlement in accordance with the "Regulations Governing the Declaration of
Foreign Exchange Receipts and Disbursements or Transactions" (hereinafter referred to as
“Regulations for Declaration”), and assist the declarant to make a detailed and accurate
declaration.
ii. Certificates issued: A foreign exchange sale memo shall be issued when the foreign exchange
is purchased with the New Taiwan dollar. Other transaction certificates shall be issued
when foreign exchange is not purchased with the New Taiwan dollar. The above certificates
may be produced in electronic form.
iii. Delivering wire transfer: Wire transfer remittance shall include required beneficiary
information and the following originator information; the aforementioned required
beneficiary information will be separately prescribed by the Bank:
(i) Full name,
(ii) Account number:in the absence of an account, a unique transaction reference number
should be included which permits traceability of the transaction.
(iii) Address：ordering bank could decide whether to replace address with ID number, passport
number or the resident certificate number.
(2) Inward Remittance Business:
i.Documents required: Operate in accordance with inward remittance notice, foreign currency
notes, or foreign currency banknotes provided by the customer, and inspect ID documents or
basic registered information. In the case of a company or a firm, query the“company
registration inquiry”section or“business registration inquiry”section in the Commerce
Industrial Services Portal of the Ministry of Economic Affairs to confirm the basic
registered information of the company or the firm. If the foreign exchange is sold for the
New Taiwan dollar, the transaction shall be treated in accordance with the Regulations for
Declaration, and assist the declarant to make a detailed and accurate declaration.
ii. Certificates issued: A foreign exchange purchase memo shall be issued when the foreign
exchange is sold for the New Taiwan dollar. Other transaction certificates shall be issued
when foreign exchange is not sold for the New Taiwan dollar. The above certificates may be
produced in electronic form.
iii. Take reasonable risk control measures to identify cross-border wire transfers that lack the
required originator’s information (full name, account number and address). Such measures
will be prescribed separately by the Bank.
(3) Reporting Documents: A daily transaction report shall be submitted to the Department of
Foreign Exchange of the Bank on the first business day following the transactions in
accordance with the following provisions:
i.When a daily transaction report is submitted in written form, certificates issued when
operating foreign exchange transactions in person, a list of foreign exchange transactions
made via the Internet and relevant data through a [electronic] medium, Declaration
Statement of Foreign Exchange Receipts and Disbursements or Transactions (hereinafter
referred to as“Declaration Statement”) or information considered the same as declaration
information according to the Regulations for Declaration, and other designated documents
shall be attached to the report.
ii. When a daily transaction report is submitted through a [electronic] medium, data in the
form of the [electronic] medium concerning the foreign exchange business, written
Declaration Statements, or other designated documents shall also be attached to the report.
