KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) is expected to be more competitive in the international financial arena with the enactment of new laws governing the jurisdiction effective Feb 11.
Labuan Financial Services Authority (Labuan FSA) director-general, Datuk Azizan Abdul Rahman, said Labuan IBFC has always been a well regulated jurisdiction with a robust financial services industry adhering to stringent compliance parameters, and that these changes would further enhance the value proposition of Labuan IBFC.
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