Banks × National Police Agency × VASP First Integration: Yuanta Bank Bankee Launches Cross-Sector Fraud Prevention Network

Far East Commercial Bank partners with Police Administration and VASP to launch “Cross-Domain Fraud Prevention Network,” demonstrating the three parties’ commitment to collaborative protection of financial security in both physical and virtual realms.

(Context: Far Bank Bankee x BlockTempo 2025 Virtual Asset Survey] Over 80% of Taiwanese crypto investors are profitable, with strong bullish sentiment in 2025)

(Background: Taiwan’s crypto-friendly bank’s confession: Interview with Tai Sung-Chih of Far East Commercial Bank, what can crypto-friendly financial backing do for Crypto?)

Far East Commercial Bank announced today (@E8@) that it is partnering with the Criminal Investigation Bureau (CIB) of the Ministry of Interior’s Police Administration and collaborating with major virtual asset exchanges across Taiwan to build a “Cross-Domain Fraud Prevention Network” spanning banks, police, and VASPs.

Blocked Over NT$450 Million, Demonstrating High-Efficiency Combat Capability

According to Police Administration statistics, from January to October 2025, the total amount returned from fraud cases involving warned accounts nationwide is approximately NT$198 million. Far East Commercial Bank, through various intelligent detection and autonomous blocking mechanisms, successfully returned amounts exceeding NT$50 million, accounting for approximately 26.4%of the nation’s total returns; to date, the total amount of potential fraud blocked has exceededNT$450 million.

Far East Commercial Bank CEO Lin Chien-Chung emphasized:

In an environment where internet transactions happen with just one click, banks and VASPs must collaborate more closely. Once a warning signal is detected, accounts are locked simultaneously… We will continue to optimize in the future, with the goal of building a stable society free from fraud.

Deputy Director of the Criminal Investigation Bureau Chen Shih-Huang expressed special thanks:

Money flows between the physical and virtual realms, making investigation arduous. Today’s MOU signing is the first banking cooperation case following the law amendment. Through the caring inquiries of Far Bank’s frontline staff and technical collaboration, we can block funds more rapidly and reduce losses to citizens’ assets.

Republic of China Virtual Currency Industry Association Chairman Cheng Guang-Tai recalled:

Ten years ago, tracking a single transaction took 6 hours. Now, through API integration with Far Bank and cross-domain collaboration, efficiency has significantly improved.

In the early days, information gaps easily caused obstacles. Now VASP operators have placed fraud prevention at the highest priority, evolving from static KYC to dynamic transaction behavior monitoring. Three-party collaboration has transformed cross-domain fraud prevention from a concept into tangible results on the front lines.

Joint Defense Mechanism: From “Post-Freezing” to “Pre-Warning”

Far Bank announced active deployment of AI technology, establishing a multi-layered risk management architecture of “pre-warning, mid-stage blocking, and post-tracking.” When VASP operators or the bank detects suspected abnormal transactions, real-time notifications will be transmitted through API and related accounts will be controlled simultaneously to prevent fund outflows.

Virtual asset partners present at this event include MaiCoin Group, BitoPro, XREX, ZoneWallet, Hongzhu Digital, and multiple other exchanges. Together with the Criminal Investigation Bureau and Far East Commercial Bank, the three parties jointly signed a collaborative memorandum of understanding, demonstrating Taiwan’s virtual asset ecosystem’s strong consensus on fraud prevention.