TAIPEI (TVBS News) — Taiwan's premier reported Friday (Aug. 15) that authorities have dismantled more than 2,000 fraud rings and arrested nearly 16,000 suspects in a sweeping seven-month crackdown. Premier Cho Jung-tai (卓榮泰) told Taiwan's parliament that the enhanced anti-fraud campaign seized over NT$4 billion (around US$133 million) in illegal assets while targeting sophisticated criminal networks across the island.
The government partnered with convenience stores, Taiwan's postal service Chunghwa Post (中華郵政), and logistics companies to tackle fraudulent package schemes. These efforts returned over NT$168.53 million (around US$5.6 million) to victims while blocking NT$8.364 billion (around US$279 million) in fraudulent transactions. Monthly fraud cases dropped 22.5% from 19,590 in August 2024 to 15,177 in July 2025, while financial losses plummeted 37.7% from NT$13.11 billion (around US$437 million) to NT$8.14 billion (around US$271 million).
The premier revealed that Taiwan fined Meta NT$16 million (around US$533,000) for failing to properly manage fraudulent advertisements on Facebook. All domestic banks now operate early warning systems to detect suspicious accounts and prevent money transfers to fraud schemes. Authorities processed over 206,000 disputed packages this year, returning NT$168.53 million (around US$5.6 million) to victims while strengthening international cooperation through more than 1,200 cross-border intelligence exchanges. ◼ (At time of reporting, US$1 equals approximately NT$30.006)