The regulator sets out its legal case against ANZ over the bank's fees policy.

Labuan Financial Services Authority, the Southeast Asian financial centre, has cleared China Construction Bank Corporation Labuan Branch, part of China Construction Bank, to conduct digital banking activities.

The bank can now operate such services in the Labuan International Business and Financial Centre, LFSA said in a statement yesterday.  

The move is the "beginning of an exciting journey/" that will bolster Labuan IBFC’s positioning as an important financial hub, the jurisdiction said.