Business
FSC signs MOU with Qatar Financial Regulator
The Financial Services Commission has inked an MoU with the Qatar Financial Centre Regulatory Authority – in a bid to put up a mechanism for mutual assistance and facilitating exchange of information.
This MoU will also contribute to improve supervision of cross-border transactions, enhancing regulation and preventing fraudulent practices in both territories.
Commenting on the signature, the Chief Executive of the FSC, Mr Dhanesswurnath Thakoor, stated that: “This initiative is in line with the FSC’s commitment to engage more actively with its international regulatory counterparts to reinforce financial supervision thereby ensuring the good repute of our International Financial Centre. This will further enable the FSC to collaborate with the QFCRA across key fields”.