List of Unregulated / Unauthorised Individual / Entities / Websites / Funds
NOTIFICATION
The public is advice not to deal with entities that are not licensed by Labuan FSA to conduct and provide financial services in Labuan IBFC. The list is not exhaustive and will be updated from time to time.

No.

Name of Unauthorised Individual / Entity / Website / Fund

Remarks
1
OMEGA PINNACLE LTD (LL13334)
Struck-off from registration and not licensed by Labuan FSA to take deposit from public.
2
WMS CAPITAL LTD (LL13333)
Struck-off from registration and not licensed by Labuan FSA to take deposit from public.
3
SABA INC (LL08358)
11A, Main Tower, Financial Park, Labuan, Malaysia
Website: https://www.saba.my
Struck-off from registration and not licensed by Labuan FSA to conduct financial service activity.
4
BCI INTERNATIONAL PLC (LL09900)
Struck-off from Labuan FSA registration and is not licensed to conduct any financial business activity.
5
PUBEL BEDFORD CAPITAL LIMITED (LL07172)
Dissolved from Labuan FSA registration and is not licensed to conduct any financial business activity.

6

GL Speed Limited (LL12305)
Struck-off from Labuan FSA registration and is not licensed to conduct any financial securities activity/ take deposit from public.
7
HAWTHORN FINANCIAL SOLUTIONS LIMITED (LL10491)
Entity is not licensed to conduct any financial investment activities.
8
ASIA DEVELOPMENT & INVESTMENT BANK LTD. (110109BI/LL07549)
The banking licence has been revoked since 28 September 2017 and hereafter is not permitted to conduct any financial services activities.
9
JT TRANSFER LTD (LL14582)
Struck-off from registration and not licensed to conduct any financial services activities.
10
PE SERVICES LTD (LL10291)
Struck-off from registration and not licensed to conduct any financial services activities.
11
STIRLING OUTSOURCING LIMITED (LL09871)
Struck-off from registration and not licensed to conduct any financial services activities.
12
THRONE LEGACY CAPITAL LIMITED
Website: www.tlcglobal.asia
Throne Legacy Capital Limited is not registered or licensed in Labuan IBFC to conduct and provide any financial services.
13
CRYPTO FOXTRADES LIMITED
Website: https://cryptofoxtrades.com
Not registered/licensed by Labuan FSA to conduct any financial services activities and misuse of LFSA’s name & logo on their website.
14
FINCORP @ FINANCIAL CORPORATION LTD
FINCORP is NOT registered and/or licensed by Labuan FSA.
15
GLOBAL INVESTMENT BANK & CAPITAL TRUST
Global Investment Bank & Capital Trust is not an investment bank licensed in Labuan IBFC.
16
PLUS FIVE TRADING
Plus Five Trading is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
17
SMART INVESTMENT BANK LIMITED
Smart Investment Bank Limited is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
18
UMMAH CENTRAL HALAL INVESTMENT SDN. BHD.
UMMAH CENTRAL HALAL INVESTMENT SDN. BHD. is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
19
AL FARIS TRADE SDN BHD
AL FARIS TRADE SDN BHD is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.

20

AL RAYAN GLOBAL TRADING
AL RAYAN GLOBAL TRADING is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.

21

SKY FX LTD
SKY FX LTD is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.

22

RAJ CHAWLA
Website: https://superannuationtransfer.com
Not registered or licensed by Labuan FSA to conduct any financial services activities and misuse of LFSA’s name & logo on their website.

23

CHOICE FINANCE INTERNATIONAL / CHOICE FINANCE BANK, LABUAN

CHOICE FINANCE INTERNATIONAL/ CHOICE FINANCE BANK, LABUAN is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.

24

FATIN (L) LIMITED
FATIN (L) LIMITED is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.

25

PENNINGTON FUND (LABUAN) LLP
PENNINGTON FUND (LABUAN) LLP had been struck-off from Labuan FSA registration and not permitted to conduct capital market business in Labuan IBFC.

26

OXI CORPORATION LIMITED.
OXI CORPORATION LIMITED is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.

27

EISENGUARD EQUITY VENTURES A.G.
Struck-off from Labuan FSA registration and is not permitted to solicit deposits from the public for investment activities

28

AL-HUDA ASSET MANAGEMENT SDN. BHD.
Not registered or licensed by Labuan FSA to carry out money broking activity.

29

BACERA CO PTY LTD
Not registered or licensed by Labuan FSA to conduct and provide any financial services activities.

30

QI MANAGEMENT GROUP LTD
Struck-off from Labuan FSA registration and is not permitted to conduct any financial services activities.

31

C76VC INVESTMENT HOLDINGS PRIVATE LIMITED
Struck-off from Labuan FSA registration and is not permitted to conduct any capital market activities.

32

MAZDAR LIMITED
Struck-off from Labuan FSA registration and is not permitted to conduct any financial services activities.

33

https://www.investglo.com

Have made an offer that is wrongly perceived as being licensed or in any other way authorised or regulated by Labuan FSA.

34

DANA WAWASAN CAPITAL PTE LTD
Dana Wawasan Capital Pte Ltd is not registered or licensed by Labuan FSA to conduct and provide any financial services activities.

35

GOLDENSUN FOUNDATION LIMITED
GoldenSun Foundation Limited is not registered or licensed by Labuan FSA to conduct and provide any financial services activities.
For further information, please contact:
Corporate Communication & External Relations Unit
Tel : +603-8873 2000
Fax : +603-8873 2209
Labuan Financial Services Authority
15 March 2024
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