Far Eastern International Bank collaborates with the High Prosecutors Office to create a shared architecture for cross domain investigation of virtual currencies

        In recent years, fraud groups have been frequently involved in cases such as virtual assets, cross platform transfers, and multi-layer wallet transfers. The traditional model of monitoring and cracking down on a single account or platform is no longer effective. On March 25th, Far Eastern International Bank signed a letter of intent (MOU) with the Taiwan High Prosecutors Office to jointly promote a cooperation framework centered on "parallel chain finance, cross domain joint defense, intelligence and information sharing, and comprehensive anti fraud". By linking bank financial flows, virtual asset currency flows, and cross platform behavior patterns, a new model of anti fraud governance and judicial investigation cooperation in Taiwan's virtual assets will be established.

        The signing of this MOU signifies a new stage in Taiwan's anti fraud governance of virtual assets, moving from single point monitoring and case handling to cross domain joint defense, system collaboration, and intelligence sharing. The new cooperation model integrates heterogeneous information that was originally scattered across banks, virtual asset service providers (VASP), and cross platforms, and transforms it into high-value intelligence that can be used, traced, and linked for judicial investigation. Through the collaboration of public and private sectors, establishing a normalized mechanism for information sharing and risk assessment not only helps to grasp abnormal situations of virtual asset fraud early, but also strengthens the overall judgment ability of investigation units on criminal links, fund flows, and behavior patterns, and improves the efficiency of case linkage and investigation.

        This cooperation has four major highlights. Firstly, Far Eastern International Bank controls over 95% of the virtual asset inflow and outflow in Taiwan, possessing a market level perspective and the ability to observe the entire ecosystem, which helps to more fully identify abnormal risks and fraud patterns. Secondly, Far Eastern International Bank has integrated three types of data: cash flow, cryptocurrency flow, and customer behavior, and has established the only virtual currency cross domain intelligence hub in Taiwan. It can reorganize key clues of judicial investigation value from multiple sources of data. Thirdly, by establishing a joint defense mechanism with multiple VASPs, once abnormal risks are detected, in addition to quick warning, bank accounts or exchange wallets can also be controlled in real time, striving to prevent golden time fraud and reduce public financial losses. Fourthly, Far Eastern International Bank utilizes a proprietary analysis model to transform a large number of abnormal phenomena such as cross platform jump points, fund concentration, and group fund paths into intelligence with judicial investigation value, establishing a direct chain support capability from front-end identification to back-end investigation.

        Thomas Chou Chairman stated that fraud prevention cannot remain at the stage of fighting on its own. Only by establishing a collaborative architecture of cross domain joint prevention, instant sharing, and front-end blocking can we respond to the challenges of new forms of crime. Far Eastern International Bank will continue to leverage its financial expertise, technological capabilities, and industry collaboration experience to work with judicial authorities to build a more comprehensive social resilience against fraud.

        The current state of fraud crimes is rapidly evolving, and Far Eastern International Bank emphasizes that the responsibility of financial institutions is not only to maintain accounts, but also to become an important node in cross domain risk governance. In the future, we will continue to combine data technology, financial expertise, and industry joint defense experience to strengthen anti fraud mechanisms with judicial authorities, regulatory authorities, and virtual asset industry partners, and establish a more solid defense line for public asset security and social trust.

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