The Kuomintang (KMT), also known as the Chinese Nationalist Party, is a political party active in the Republic of China (Taiwan) (ROC). It has purportedly been among the world's most wealthiest political parties. In recent years much attention, whether deemed necessary or not, has been paid to the party's businesses and real estate. Claims have been made by party rivals that a number of its assets were obtained illegally while the KMT ruled Taiwan under a one-party system. However, in recent years, the party has been hit with multiple financial and legal difficulties.