Labuan targets US expat friendly business with FATCA support

Malaysia’s central bank governor, Muhammad Ibrahim, who is also chairman of the Labuan Financial Services Authority, said that the FSA would implement the initiative in 2017.

“Labuan IBFC will […] implement the Inter-Governmental Agreement of Model 1B, which will facilitate compliance by financial institutions in the [finance] centre to the Foreign Account Tax Compliance Act and exchange information with the United



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