Labuan Financial Services Authority ramps up crackdown on dodgy investment schemes amid rising scam cases

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LABUAN, Sept 3 — The Labuan Financial Services Authority (Labuan FSA) is ramping up its efforts to combat dubious invest...

It has also increased its supervisory efforts, including more frequent on-site inspections, enhanced reporting requirements, and closer collaboration with other regulatory bodies to strengthen the resilience and integrity of Labuan IBFC and safeguard the interests of all stakeholders.

The agency added that this stringent approach would continue, with necessary adjustments to align with evolving global regulatory standards.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Labuan Financial Services Authority Scams Dodgy investment schemes

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 11:58:50 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22343504

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