Labuan, Malaysia; Assessment of the Supervision and Regulation of the Financial Sectorâ€”Review of Financial Sector Regulation and Supervision

This Review of Financial Sector Regulation and Supervision in Labuan, Malaysia, highlights the supervisory and antimoney laundering frameworks. Labuan, an offshore financial center located in Malaysia, has all the essential elements for a suitable framework for financial supervision. Nonperforming loans are relatively high in the banking sector, and demand for credit has been soft. Securities and capital market activities in Labuan are still embryonic, and the supervisory regime for this sector will need to be fleshed out as business develops.

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Year of publication:	2004-12-06
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Financial sector \| money laundering \| law enforcement \| terrorism \| financing of terrorism \| offshore banks \| law enforcement agencies \| terrorist financing \| accounting standards \| terrorist \| international cooperation \| securities industry \| banking supervision \| securities regulation \| criminal matters \| foreign banks \| share information \| market intermediaries \| international standards \| legal assistance \| internal controls \| risk management \| suspicious transactions \| due diligence \| supervisory framework \| supervisory regime \| investigative agencies \| reporting obligations \| market participants \| financial sector regulation \| international accounting standards \| suspicious transaction \| illegal activities \| supervisory authorities \| terrorist assets \| financial intelligence unit \| internal audit \| financial supervision \| penal code \| reporting requirements \| suspicious transactions reporting \| criminal justice \| insurance business \| money laundering offence \| investigative techniques \| terrorists \| foreign branches \| supervisory authority \| secrecy provisions \| united nations security \| compliance function \| predicate offences \| asset forfeiture fund \| trust service providers \| terrorist organizations \| foreign authorities \| prudential supervision \| suspicious transaction report \| criminal law enforcement \| assessing compliance \| enforcement powers \| customer identification \| supervisory arrangements \| settlement systems \| meaningful originator information \| suspicious transaction reports \| supervisory responsibilities \| customer accounts \| money laundering measures \| transaction reports \| supervisory ? authority \| terrorism standards \| life insurance \| ensuring compliance \| information exchange \| anti money laundering \| regulatory requirements \| financial operations \| financial claims \| prudentially regulated sectors \| counter money laundering \| regulatory authority \| criminal law \| predicate offence \| laundering legislation \| securities firms \| supervisory bodies \| licensing authority \| transferable securities \| supervisory process \| criminal justice measures \| drug trafficking \| criminal records \| terrorism standard \| confidentiality requirements \| market intermediary \| law enforcement authorities \| foreign counterparts \| regulatory authorities \| criminal cases \| securities activities \| undercover operations \| combat money laundering \| money laundering purposes \| money laundering requirements \| money laundering cases \| law enforcement agency \| financial service providers \| regulatory environment \| securities markets \| criminal offence \| enforcement authorities \| money laundering investigations \| confiscation of property \| suspicious transaction reporting \| transaction reporting \| compliance departments \| anti money laundering measures \| insider trading \| alternative remittance \| prudential regulation \| legal impediments \| share capital \| risk management systems \| money laundering issues \| confiscated property \| drug money \| criminal offense \| competent authorities

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/391 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591178