Ai said he reactivated his suspended Chinese bank account in minutes (no kidding, he’s a local in the PRC). In Switzerland, I was refused an account at the country’s largest bank, and another bank later closed my account there as well. Similarly, I set up the National Heath Insurance (NHI) to automatically take money from my post office account while I was abroad. “If there was one thing I could change about Taiwan it would be for it to get on board with modern banking systems.”Amen, but the banks simply forward a hollow apology and move on. Despite these measures, in 2024 the UN office on Drugs and Crime identified Taiwan as a major money laundering hub.


Source:   Taipei Times
January 28, 2026 16:27 UTC