Our Advisory & Compliance team, led by its Head Fakhrul Fadzilah and assisted by Partner Afif Che Had and Associate Husna, advised Unicoin DCX Limited on the full renewal of its regulated business activities in Labuan. The engagement included the preparation of a new business plan, a comprehensive legal opinion on the Company’s updated commercial direction and the end-to-end submission to the Labuan Financial Services Authority (LFSA) for a change of licensed business activities.
The matter involved the Client’s strategic regulatory repositioning to secure LFSA approval for revised digital asset-related business activities, following its transition into a more complex operational model requiring alignment with Labuan’s regulatory standards and risk expectations.
Our work included reviewing and restructuring the Client’s business model, revenue streams, compliance framework and internal controls, drafting and submitting LFSA documentation, responding to regulatory queries and providing ongoing regulatory advice throughout the approval process.
This engagement highlights the Firm’s strength in advising on regulatory renewals and change of licensed business activities, as well as its ability to support clients in navigating complex approval processes and aligning evolving business models with Labuan’s regulatory requirements.
