Taipei, Aug. 28, 2008 (CENS)--In collaboration with the effort of the prosecutors, the Financial Supervisory Commission (FSC) has set up a task force investigating the alleged overseas money laundering by former President Chen Shui-bian`s family.

The task force is headed by Wu Tang-chieh, vice FSC chairman, and consists of staffers from the Financial Examination Bureau, the Banking Bureau, and the Securities and Futures Bureau.

Chu Chao-liang, chief of the prosecutor panel in charge of for the case, led the panel to hold a meeting with the FSC task force, for the second time, yesterday, for coordinating the investigation actions. Chu reported that the FSC promised to provide full manpower support assisting the prosecutors to investigate various possible money-laundering channels for the case, including domestic dummy accounts and overseas paper companies.

Some FSC staffers will join the prosecutor panel in checking suspect accounts and staffers from the Central Bank of China will also take part in the investigation.

(by Philip Liu)