Advisory Warning for Banking on Taiwan

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Aristotle

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Apr 24, 2006, 5:40:52 AM4/24/06
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Advisory Warning for Banking on Taiwan
Non-Republic of China nationals on Taiwan or the occupied islands are
strongly advised to avoid opening or using banks on, or associated with
Taiwan.

The following warning/advisory specifically applies to banking for all
non-Republic of China nationals living, working or traveling on Taiwan
or other occupied territories of the Republic of China.

The occupational authority of the Republic of China, as part of an
ongoing effort to promote greater racial superiority of Republic of
China nationals, decreed that non-ROC nationals with banking or
financial accounts in banks or financial institutions in ROC territory,
be denied access to any funds or monies locally or abroad held by
banks in the territory of the Republic of China, if they do not posses
a residency document (ARC) or ROC passports issued by that authority.

Non-ROC nationals who fail to withdraw monies or assets in a specified
time may forfeit those accounts or assets to confiscation by the the
occupational authorities without notification or re-numeration of non
ROC nationals.

Further more, that same occupational government has initiated policies
to arbitrarily and through extra judicial means, revoke Alien Resident
Certificates (ARC) and deport from the territory any foreign national
without right of appeal or judicial oversight thus, depriving
minorities on Taiwan of their basic human rights and effectively
stealing any assets non ROC nationals may have in local banks.
This warning/advisory specifically applies to immigrants, migrants,
foreign spouses, laborers, teachers, domestic helpers, foreign
engineers, business executives and dependents numbering 500,000 to
1,00,000 people or approximately 2% to 5% of the population on Taiwan
who do not posses Republic of China passports or ROC national
identification cards.

This advisory has been issued by SSETT the defacto foreign teachers
union and advocacy group on Taiwan.

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