On December 2, 2016, the FSC amended “the Directions Governing Anti-Money Laundering and Countering Terrorism Financing of Banking Sector”(the “Directions”), strengthening the rules regarding know-your-customer procedures and the monitoring of suspicious transactions, including the duty to examine foreign persons with political jobs.  In addition, the amended Directions require banks to establish a special unit for anti-money laundering and counter-terrorism financing, and if a bank has foreign operations, it shall assign personnel to be responsible for legal compliance of foreign laws.