Taiwan's Mega Financial looking into NY banking branch client activities: Chairman

September 20, 2016 10:40 PM EDT

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TAIPEI (Reuters) - Taiwanese state-run financial holding company Mega Financial's newly appointed chairman Michael Chang told lawmakers on Wednesday the firm is investigating whether clients of its New York banking branch engaged in money-laundering activities.

Chang was speaking during a parliamentary session in Taipei.

The executive was appointed by the Taiwan government earlier this month after the New York banking unit was hit by a U.S. fine for anti-money laundering violations.

(Reporting by Faith Hung; Editing by Kenneth Maxwell)

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