MODERN LAW AND FINANCIAL-BANKING SECTOR OF THE REPUBLIC OF CHINA IN TAIWAN

Abstract

This article is dedicated to investigation of the legal system of the Republic of China on Taiwan, peculiarities of the legal regulation of the financial and banking sector in economy. Emphasizecharacteristic features of the law of modern Taiwan, the traditional law of ancient China, the moral teaching of the great Confucius, Roman-Germanic (continental) legal tradition.Emphasizes the development of legislation in the financial and banking sector, presence in the legal system of the Republic of China the main acts of law-making, regulating this sphere: The Banking Law, the Law on the Central Bank, the Law of the Bills of Exchange, and others.The special place in the legislative regulation of financial and banking sector belongs to the Law on Prevention of Money Laundering, that is actively used by Taiwanese law enforcement agencies fightting against the legalization of proceeds from crime. So, the former President ofTaiwan — Chen Shui-bian and his wife recently have been sentenced to various terms of imprisonment.In general, the legislation is sufficiently developed in Taiwan, and its law-making and lawenforcement experience would be very useful for the domestic legal science and Sinology in general.

Keywords

• taiwan
• legal system
• banking law
• financial law
• china
• confucius
• legislation
• law of china
• death penalty
• republic of china