Bank Ne­gara works with DFSA

The Star Malaysia - StarBiz - - News -

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.

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