Dubai Financial Services Authority signs MoU with Central Bank of Mauritius

Dubai Financial Services Authority signs MoU with Central Bank of Mauritius

WAM: The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Central Bank of the Republic of Mauritius (Bank of Mauritius), to cooperate and assist each other in performing their respective regulatory functions, and facilitate the exchange of knowledge on technologically enabled financial innovation.

The MoU was signed by Fadel Al Ali, Chairman of the DFSA, and Harvesh Kumar Seegolam, Governor of the Bank of Mauritius, in Dubai at the DFSA offices.

The MoU places an emphasis on technologies pertinent to financial services, regulation and supervision, to facilitate a more efficient and effective delivery of regulatory requirements. Additionally, the two authorities will foster open dialogue on operational and technology risk supervision, anti-money laundering and combating the financing of terrorism and proliferation, and cybersecurity.