Bank Negara works with DFSA
KUALA LUMPUR: Bank Negara and Dubai Financial Services Authority (DFSA) are working closer together to enhance their supervision of banks and insurance/ takaful/reinsurance companies in both countries.
Bank Negara and DFSA had on Nov 28 inked an MoU on supervisory cooperation and coordination where both authorities will share information, facilitate consolidated and cross-border on-site supervision.
They will also work closely together on the issuance of licences and combating money laundering and terrorism financing.
Integrated project: (from left) Deputy Minister of Entrepreneur Development Mohd Hatta Ramli, Mohd Redzuan and Low looking at a scale model of the BBCC. Low expects all the retail units to be sold by 2021.