Business

Dubai Financial Services Authority signs MoU with Central Bank of Mauritius

The MoU positions a focus on modern technologies essential to monetary solutions, policy and also guidance, to promote an extra reliable and also efficient distribution of governing demands.

The Dubai Financial Solutions Authority (DFSA) has actually authorized a memorandum of understanding (MoU) with the Reserve Bank of the Republic of Mauritius (Financial Institution of Mauritius), to coordinate and also aid each various other in the efficiency of their corresponding governing features and also to promote the exchange of understanding on technically allowed monetary development.

The MoU was authorized by Fadel Al Ali, chairman of the DFSA, and also Harvesh Kumar Seegolam, Guv of Financial Institution of Mauritius, in Dubai at the DFSA workplaces.

The MoU positions a focus on modern technologies essential to monetary solutions, policy and also guidance, to promote an extra reliable and also efficient distribution of governing demands.

In addition, both authorities will certainly cultivate open discussion on functional and also innovation threat guidance, anti-money laundering and also combating the funding of terrorism and also expansion, and also cybersecurity.

The arrangement in between both authorities develops a structure for capability structure in monetary solutions in locations of typical passion to both authorities.

Fadel Al Ali stated innovative modern technologies are a vital and also expanding part of the international monetary environment.

” As an international regulatory authority it is imperitive that we are share our experiences and also knowledge to additional advancement the growth of our economic situations and also guard the wellness of our monetary systems. We invite this chance to team up with the Financial institution of Mauritius on arising modern technologies influencing the monetary environment,”

— muzaffarrizvi@khaleejtimes.com

Back to top button