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Labuan FSA Issues Circular on FATCA Compliance
Labuan Financial Services Authority via a circular to all financial institutions reinforced the agreement in substance between the Malaysian Government and the United States Treasury reached in June 2014, towards the implementation of the Foreign Account Tax Compliance Act (FATCA) in Labuan IBFC.
It said that the agreement in substance will remain effective until a formal Inter-Governmental Agreement is signed.

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