Taiwan?s Mega Financial shares fall 5 pct after New York branch fined by regulators

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Taiwan?s Mega Financial shares fall 5 pct after New York branch fined by regulators

Taiwan?s Mega Financial shares fall 5 pct after New York branch fined by regulators

TAIPEI, Aug 22 (Reuters) – shares of Mega Financial Holding
, one of Taiwan’s biggest banks, opened 5 percent lower
in Taipei on Monday after its New York banking branch was fined
$180 million by New York State’s Financial services department
for anti-money laundering violations that included lax attention
to risk exposure in Panama.

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