Celebrating a Successful Milestone in Malaysia’s Mutual Evaluation Journey - Gallery

Celebrating a Successful Milestone in Malaysia’s Mutual Evaluation Journey

Labuan FSA joins Malaysia in celebrating the successful conclusion of the Mutual Evaluation process following the official publication of Malaysia’s Mutual Evaluation Report (MER) by the Financial Action Task Force (FATF). The assessment recognised Malaysia’s significant progress in strengthening its framework against money laundering, terrorism financing and proliferation financing (ML/TF/PF) since 2015. Malaysia has advanced from Enhanced Follow-Up in 2015 to the highest category of Regular Follow-Up, supported by a three-year roadmap to further enhance effectiveness. For Labuan IBFC, this achievement reflects the strong commitment, collaboration and dedication of all stakeholders involved throughout the two-year assessment journey.

The Malaysia Mutual Evaluation Appreciation Dinner was held to recognise and celebrate the invaluable contributions of all agencies and individuals who supported this national exercise. The event acknowledged the collective efforts in data collection, analysis, onsite engagements and report reviews that contributed to Malaysia’s successful outcome. The dinner was attended by Mr Affendi Rashdi, Director General of Labuan FSA, who led the Labuan FSA delegation together with Mr Syahrul Imran Mahadzir, Deputy Director General.

Together, we continue to uphold international standards, strengthen confidence in Labuan IBFC, and advance the fight against financial crime.