FSC Warns: Unapproved Offshore Insurance Policies Carry 5 Major Risks
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Taiwan's Financial Supervisory Commission (FSC) announced today that it has received two recent reports about people recommending the sale of Hong Kong offshore insurance policies on social media platforms. The FSC emphasized that these offshore policies are unapproved products, posing five major risks: lack of recourse, information opacity, insufficient legal protection, ineligibility for tax benefits, and potential fraud. The public is urged not to purchase them.