LOFSA to be renamed Labuan Financial Services Authority


KUALA LUMPUR: Labuan Offshore Financial Services Authority (LOFSA) will be known as Labuan Financial Services Authority (Labuan FSA) with the enactment of four new Acts that came into force on Feb 11.

The laws will dramatically improve Labuan and completely change the way the duty-free Island conducts its financial services business, it said in a statement on Wednesday.

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