Bank Negara Malaysia and Oman Sign MoU to Strengthen Financial Intelligence Cooperation
Bank Negara Malaysia and the National Centre for Financial Information in the Sultanate of Oman have signed a Memorandum of Understanding (MoU) to strengthen cooperation in combating money laundering, terrorism financing and proliferation financing.
The cooperation will involve the exchange of financial intelligence between the two institutions.
The MoU was signed during the Egmont Group Plenary in Baku, Azerbaijan, according to an announcement by Bank Negara Malaysia.
The central bank said the agreement reinforces international collaboration in addressing financial crime and safeguarding the integrity of the financial system.
Industry Impact (IFD Editorial Insight)
The agreement highlights the role of financial intelligence exchange in cooperation between Malaysia and Oman on money laundering, terrorism financing and proliferation financing. For the financial sector, the development is relevant to efforts to strengthen cross-border collaboration in addressing financial crime and protecting financial system integrity.
Source: Bank Negara Malaysia (Official Announcement)
DISCLAIMER
IslamicFinanceDaily.com publishes this article for informational purposes only. The content is based on publicly available information and official announcements from the referenced institution. IslamicFinanceDaily.com does not provide financial, investment, or legal advice. Readers should verify information with the original source before making any financial or business decisions.
We strive to ensure the accuracy of all published content. If you represent the referenced organisation or identify any factual inaccuracy or misinterpretation, please contact us so that we can review and, where appropriate, update the article promptly.
