Labuan Financial Services Authority (Labuan FSA) would like to alert the public on the unauthorised production of a Letter of Approval to Conduct Credit Token Business in Labuan for DSTE Capital Ltd (Co. No.: LL 15965) with reference no. LFSA.399-13/CT/18/2019 (13) dated 20 June 2019.

Labuan FSA has never issued such letter for DSTE Capital Ltd nor have Labuan FSA approved any application for DSTE Capital Ltd (Co. No.: LL 15965) to conduct credit token business in the Labuan International Business and Financial Centre (Labuan IBFC). For avoidance of doubt, DSTE Capital Ltd is not a licensed entity in the Labuan IBFC and it is not allowed to carry on credit token business in Labuan IBFC.

The public is therefore strongly advised to take extra care and conduct adequate due diligence prior to engaging in any business transaction with DSTE Capital Ltd (Co. No.: LL 15965).

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by Labuan FSA, please direct your concerns to our Customer Relations Unit on telephone (6087) 591 200 or email to communication@labuanfsa.gov.my.