Since the establishment by the Malaysian government 30 years ago, Labuan International Business and Financial Centre (Labuan IBFC) has grown into a globally recognised well-regulated and reputable international financial hub, which adheres to international standards and best practices. Labuan IBFC has met and passed international assessments from the:

• IMF - for its strong legal and regulatory framework,
• APG/FATF - for its anti-money laundering practices which resulted in it being deemed a low-risk jurisdiction, and
• OECD - for complying with global tax standards.

Powered by its strategic location, business-conducive legal and regulatory framework and distinct business propositions, the Centre is now home to global financial institutions and companies. The Centre has continued to thrive despite challenging externalities, attracting companies and investors from 125 countries.

Last year, the regulator issued the Labuan IBFC Strategic Roadmap 2022–2026, aimed at transforming the jurisdiction into a centre for digital financial innovation. The roadmap underscores the Centre’s position as a captive hub and highlights Islamic finance and digital financial services as two key emerging segments.