THE Securities Commission (SC) has signed a memorandum of understanding (MoU) with the Emirates Securities and Commodities Authority (ESCA) of the United Arab Emirates (UAE) to facilitate inter-jurisdiction cooperation on enforcement of securities laws, as well as on developmental and training initiatives.
The MoU was a significant step towards maintaining the integrity of capital markets as it would facilitate securities regulators working together to prevent the use of international capital markets for money laundering, terrorist financing, and other forms of international financial crime, SC chairman Datuk Md Nor Yusof said.