Advisory & Compliance

Where regulatory clarity begins. We guide institutions, fintechs and corporations through governance, licensing and regulatory obligations, with confidence and precision.

Advisory and compliance support is provided to help clients operate confidently within Malaysia’s complex legal and regulatory framework. Emphasis is placed on preventative measures, risk mitigation and structured compliance controls across various sectors.

Clients are routinely guided on matters involving licensing, corporate governance, AML/CFT requirements, personal data protection and regulatory reporting. Special focus is also placed on aligning internal policies and procedures with evolving regulatory obligations and industry standards.

With advisory services tailored to meet the expectations of regulators and stakeholders alike, we ensure that legal and compliance risk exposure is reduced while strategic operations are supported by sound foundations.

Capabilities

Advised and represented Rupali Bank PLC., a state-owned commercial bank in Bangladesh in its proposed application to the Central Bank of Malaysia for Class B remittance licence.
Advised and represented UQPay Technology (SG) Pte Ltd, a digital payment solution provider company headquartered in Singapore in its proposed application to the Central Bank of Malaysia for MSB licence.

Advised and represented Guavapay Limited, a Small Electronic Money Institution (EMI) registered with the Financial Conduct Authority (FCA) in the United Kingdom on the incorporation of Labuan company, setting up of digital asset exchange and application to the Labuan Financial Services Authority for Labuan Money Broking Business licence.
Advised and represented NexStox Inc. in its investment scheme involving tokenization of durian plantations by way of issuance of preference shares and Securities Token Offering.
Advised and represented a HK-based family office in setting up of a Labuan investment company including preparation of Information Memorandum and application of Labuan Money Broking Business and Labuan Credit Token Business licence from the Labuan Financial Services Authority for tokenisation of real estates.
Advised and represented a private mutual fund for RMI MY Ltd, a certified Labuan fund manager by providing comprehensive guidance on structuring the fund as an Investment Limited Partnership.

Advised and represented Beez Fintech Sdn Bhd, an approved merchant acquirer company as its outsourced compliance function which involves advisory, review and drafting of P&P for all regulations applicable to a merchant acquirer company.
Advised and performed compliance reviews and risk assessment on various Business/Support Units in a financial institution to ensure compliance with regulatory requirements, including Anti-Money Laundering (AML), Countering Financing of Terrorism (CFT), Countering Proliferation Financing (CPF) and Targeted Financial Sanctions (TFS) for Financial Institutions, as well as Anti-Bribery and Corruption, Foreign Exchange Policy, Corporate Governance, Personal Data Protection and other Bank Negara Malaysia and Securities Commission Malaysia guidelines.
Advised Peer2Peer Fintech Solutions S.R.O., a Virtual Asset Service Provider licensed by the Financial Analytical Office of the Czech Republic for compliance with regulations pertaining to AML, CFT and CPF.
Advised Sinegy DAX Sdn Bhd, a Malaysian Digital Assets Exchange registered with the SC for compliance with regulations pertaining to AML, CFT and CPF, Foreign Exchange and Recognised Markets requirements.

Advised and represented a multilevel marketing company, Saudagaar Asia Sdn Bhd in its day-to-day operations and application for direct selling licence from the Ministry of Domestic Trade and Cost of Living as well as other applicable laws and regulations.
Advised and represented a new Islamic Peer-to-Peer Financing platform operator for application to the Securities Commission Malaysia to be registered as a Recognised Market Operator. Our scope of work includes drafting of internal policies and frameworks as well as advising on the applicable laws and regulations.
Advised a Japanese owned company in its business arrangement with the supplier and contractor in relation to the supply of medical equipment to the Ministry of Health, Malaysia. Our scope of work includes reviewing the government’s procurements policies and guidelines as well as advising on the client’s legal documentation.
Advising a Malaysian entity for its franchising agreement for development and operation of US-fast food restaurants in Malaysia, Singapore and Brunei. Our scope of work includes drafting of franchising agreement as well as advising on compliance with franchise laws in Malaysia, Singapore and Brunei.
Advised Trambellir Sdn Bhd, a wellness marketing company in Malaysia on advertisement of health and wellness related services for Malaysian and international consumers. Our scope of work includes reviewing and drafting of internal policies and frameworks, assisting clients with its correspondences with the authorities and advising on applicable laws and regulations.
Advised on the legal and compliance aspect for Pitch Platforms Sdn Bhd’s application to operate a Peer-to Peer Financing Platform and ongoing compliance. Our scope of work includes reviewing and drafting of internal policies and frameworks, assisting clients with its correspondences with the authorities and advising on applicable laws and regulations.
Advised UNICOIN DCX Limited, a Labuan-licensed financial services provider currently holding three key licenses under the Labuan Financial Services Authority; Money Broker, Credit Token and Digital Payment Service on its transition to an integrated Digital Wallet System under the brand ABCC+ Wallet.

Advised FINAS in relation to the Amendments of the Malaysian National Film Development Corporation Act 1981 [Act 244] and the Regulations [FINAS A/2/49 Vol 11] and FINAS Guidelines.

Advised and represented Perbadanan Stadium Malaysia, a statutory body established under Perbadanan Stadium Malaysia Act 2010 [Act 717] for the sponsorship of the “Liga Super”, “Piala FA” and “Piala Malaysia” events and as the venue / Stadium Rasmi Liga Malaysia sponsor worth
RM2 million, sublease of its land with lease consideration of RM10 million and other day-to-day operations.
Advised Monetary Token Foundation on the legality, regulatory classification and feasibility of the HKDM Rewards Token under the Labuan Financial Services Authority (LFSA) regulatory framework including but not limited to the Labuan Financial Services and Securities Act 2010
and other applicable guidelines.

Key Contacts

Fakhrul Fadzilah

Partner / Head of Advisory & Compliance

fakhrul@nzchambers.com

View Profile ➜

Husna Shariff

Associate

husna@nzchambers.com

Zaim Musshakirin

Associate

zaim@nzchambers.com

Related Work Highlights

Work Highlights
Advising FINAS on the Proposed Amendments to the National Film Development Corporation Malaysia Act 1981 (Act 244)

Our Deputy Managing Partner, Kevin Richard Nathan together with Afif Che Had, Partner of Advisory & Compliance are proud to…

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Work Highlights
Cross-Border Franchising & Development Deal

Our Head of Advisory & Compliance, Fakhrullah Fadzilah and Associate, Husna Shariff are pleased to have acted for a master…

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Financial Services