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Compliance Corner: ASIC - Labuan, CCBC

Editorial Staff

30 October 2019

Labuan, CCBC
The Asian offshore financial jurisdiction, Labuan, has signed a pact with to promote the centre’s offerings to Chinese businesses.

A memorandum of understanding was signed between Labuan International Business and Financial Centre, and China Construction Bank Corp.

CCBL is one of the 55 banks in Labuan’s financial centre; the bank also recently won approval from Labuan Financial Services Authority to conduct digital banking activities, the first bank in Malaysia to secure this status.