Legislative Yuan passes bill targeting fraudStaff writer, with CNAThe legislature yesterday passed amendments to increase penalties for fraud while offering sentence reductions for offenders who surrender and fully compensate victims. The amendments also lower the threshold for high-value fraud to NT$1 million (US$31,819) from NT$5 million. Photo: Taipei TimesFraud involving NT$1 million or more carries prison terms of three to 10 years and fines of up to NT$30 million, according to the amendments. The amendments also introduce a “luxury ban” clause targeting high-profile fraud cases. Courts may take into account extravagant or wasteful spending, such as purchasing luxury homes or vehicles, if it occurs before victims are fully compensated or settlement amounts are paid.

Source: Taipei Times December 30, 2025 17:13 UTC