On March 3, 2016, the FSC clarified that the establishment of a policy of information sharing among subsidiaries of financial holding companies, for anti-money laundering and counter-terrorism purposes pursuant to Article 37 of the “Implementation Rules of Internal Audit and Internal Control System of Financial Holding Companies and Banking Industries”, falls within the exception to the confidentiality obligation provided under Paragraph 1, Article 42 of the Financial Holding Company Act.  However, in order to avoid interference with criminal investigations, such information sharing shall not include documents, pictures, information or things relating to a reported transaction suspected to be in violation of the Money Laundering Control Act.