Labuan Financial Services Authority

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Labuan FSA: Business Restrictions (December 13, 2024)

December 13, 2024
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 30 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".

Labuan FSA: Business Restrictions (October 30, 2024)

October 30, 2024
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 31 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".

Labuan FSA: Business Restrictions (October 18, 2024)

October 18, 2024
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 26 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".

Labuan FSA: Business Restrictions (July 27, 2024)

July 27, 2024
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 25 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".

UW Global Inc.: Notification (Labuan)

January 8, 2024
Public Notice by the Labuan Financial Services Authority regarding regulatory action against UW Global Inc., which is "restricted from undertaking any new business" and required "to take immediate action to honour and pay all overdue payments to its existing clients".

Best Re (L) Ltd.: Winding Up Notice

May 20, 2021
Public Notice by the Labuan Financial Services Authority that a court in Malaysia has ordered the winding up of Best Re (L) Limited.

Oliver Bellenhaus: Directorship Suspension

February 22, 2021
Public Notice by the Labuan Financial Services Authority that it has suspended the directorship of Oliver Bellenhaus, a citizen of Germany, in Adaugusta Limited.

Dario Item et al: Regulatory Update

March 24, 2020
Update by the Labuan Financial Services Authority regarding a lessening of previously-imposed penalties against Dario Item, a London-based, Swiss attorney who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., including the cessation of corporation disqualifications.

Labuan FSA Enforcement Actions: March 2, 2020

March 2, 2020
Enforcement Actions taken by Labuan Financial Services Authority on Labuan Licensed Entities from December 2015 to February 2020. The latest license revocations concern AbaUnion Limited, Better Place Strategic Investment Ltd.,FinFX Global Markets Limited, Advisers Worldwide (Malaysia) Limited, Opal Automart Pte Ltd., and Asian Trade Investment Bank.

Labuan FSA Enforcement Actions: July 8, 2019

July 8, 2019
Notification by the Labuan Financial Services Authority of legal action by Dario Item, a London-based Swiss lawyer who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., both of Labuan, challenging regulatory action against them.

Omega Pinnacle Ltd. et al: Labuan Warning List

June 4, 2019
Warning List by Labuan Financial Services Authority regarding Omega Pinnacle Ltd., WMS Capital Ltd., Saba Inc., BCI International Plc, Pubel Bedford Capital Limited, GL Speed Limited, Hawthorn Financial Solutions Limited, and Asia Development & Investment Bank Ltd.

Best Re (L) Ltd. et al: Business Restrictions

April 3, 2019
Notice by the Labuan Financial Services Authority that it has imposed business restrictions on the following licensed entities for non-compliance: Best Re (L) Limited, PAIB Company Limited, Qays Re Global Limited, Saba Capital Inc., Capital Hive Ltd., Makasky Limited, One Capital Group Inc., Bullbell Limited, and IRC Ltd.

HHI Casualty & General Insurance (Labuan) Ltd. et al: Business Restrictions

July 27, 2018
Notification by the Labuan Financial Services Authority of business restrictions against HHI Casualty & General Insurance (Labuan) Limited, Petchem International Trading Commodity, Careful Line Ltd., Asia Development & Investment Bank Ltd., Quantum Wealth Group Ltd., Cameron Asia Reinsurance Brokers Ltd., EC Trust Labuan Ltd., Asean Union Foundation, Faidzan Hassan, Saba Capital Inc., PI Ltd., and Golden Sunrise Finance Broking Company Limited.

Best Re (L) Limited et al: Business Restrictions

July 20, 2018
Notification by the Labuan Financial Services Authority of business restrictions against Best Re (L) Limited, Montpelier (Labuan) Ltd., PAIB Company Limited, Qays Re Global Limited, Saba Capital Inc., Capital Hive Ltd., Faramond (Labuan) Ltd., Avangard Asia Pacific Insurance and Reinsurance Company Ltd., and Makasky Limited.

EC Trust Related Entities: Notification

April 17, 2018
Notification by the Labuan Financial Services Authority regarding a complaint it field against EC Corporate Services Ltd., Labuan Corporate Services Ltd., Corporate Directors Ltd., Corporate Services Ltd., EC Trustee Services (L) Ltd., Simple Solutions Limited, North Borneo Education Co. Ltd., Peter Kent Searle, and Cornelia Elisabeth Searle at the High Court of Sabah and Sarawak.