08 December 2014 - The Labuan Financial Services Authority (Labuan FSA) and Gibraltar Financial Services Commission (Gibraltar FSC) signed a Memorandum of Understanding (MoU) on 29 August 2014 with the objective to establish a formal basis for cooperation in the financial services area, including the exchange of information. The scope of MoU also expanded to include areas of consolidated supervision, enforcement, research and development, on-site examination and training & staff development. The strategic collaboration would further enhanced the stature of both Labuan and Gibraltar as a preferred business destination internationally.