Money Broking License in Labuan

Arrange/broker transactions in money market instruments

Interbank foreign exchange (spot/forward/swaps) broking

Broker deposits, repos, and short‑term funding

Voice/e‑broking platforms; price discovery & matching

Post‑trade confirmations and reporting to counterparties

No dealing as principal; agency/introducing only (per rules)

Incorporation/registration in Labuan IBFC

Fit & proper shareholders, directors and key officers

Minimum capital and prudential requirements

Sound governance with risk management & internal audit

AML/CFT policies, KYC/CDD of counterparties; sanctions/PEP screening

IT & cybersecurity; call/voice recording and data retention

Compliance monitoring; regulatory reporting and audits

Client asset handling restricted (no custody unless approved)

Principal Officer (resident)

Head of Compliance & MLRO

Head of Broking / Dealing Room Manager

Authorised Brokers (experienced/qualified)

Risk & Operations Lead; Finance/Accounting Lead

IT/Information Security Lead

Internal Audit (independent/outsourced)

Dealing voice system and recorded lines (MiFID‑style controls)

E‑broking/trading platform with audit trails

Order management & quote dissemination tools

KYC/AML & trade surveillance/market abuse monitoring

Middle/back‑office for confirmations & reconciliations

SIEM/SOC monitoring; secure communications & data storage

Labuan IBFC (Malaysia) licensing jurisdiction

Cross‑border broking with non‑resident counterparties allowed within scope

Onshore Malaysia activities subject to specific approvals/arrangements

Labuan business activity tax regime (LBATA):

• 3% on audited net profits or fixed MYR 20,000 (if eligible and elected)

• Access to Malaysia DTAs subject to substance requirements

• Other indirect/withholding taxes per LBATA and guidelines

Operating accounts with licensed banks in Malaysia

Settlement arrangements with counterparties (no client money unless permitted)

FX accounts to support multi‑currency operations