The 2nd Labuan International Compliance Conference (LICC 2026) was held on 4 August 2026, organised by the Labuan Bank Compliance Officers’ Networking Group (LB CONG) in partnership with Universiti Malaysia Sabah (UMS) as academic co-organiser. The conference drew over 180 participants — regulators, compliance officers, banking professionals, legal practitioners, industry experts, academics, and university students — and was supported by Labuan FSA, the Labuan International Insurance Association (LIIA), and the Labuan International Investment Banks Association (LIBA).
Front Re Corp. was represented by Front Re Compliance Officer, Ms Nur Izzati, who attended the conference on behalf of the Company.
The event brought together regulators, industry, and academia to exchange perspectives on regulatory compliance, corporate governance, AML/CFT, and risk management within the Labuan International Business and Financial Centre (Labuan IBFC).
Key Takeaways
Labuan FSA opened proceedings with a supervisory perspective on AML/CFT, reinforcing the importance of a risk-based approach, strong governance, and demonstrable effectiveness of controls as regulatory expectations continue to rise.
Discussions then turned to building a stronger compliance ecosystem, with speakers highlighting how leadership commitment, continuous learning, and closer collaboration between regulators, industry, and academia are shaping a more resilient Labuan IBFC — with universities playing a growing role in developing the next generation of compliance professionals.
A recurring theme throughout the day was the human element of compliance: well-trained, empowered staff remain the first line of defence against financial crime, with technology positioned to support — not replace — sound judgement.
The Malaysian Anti-Corruption Commission (MACC) followed with practical AML investigation case studies, illustrating how financial intelligence, transaction monitoring, and inter-agency cooperation translate into successful enforcement and asset recovery outcomes.
The day closed with a panel on managing risk across borders, where speakers examined the growing complexity of cross-border business — from differing regulatory regimes to sanctions and geopolitical developments — and reinforced compliance as a strategic function that safeguards both integrity and sustainable growth.
The conference also marked the launch of Due Diligence and Compliance in Labuan IBFC: A Practical Guide for Compliance Officers, a new reference for compliance professionals in the jurisdiction.
Front Re remains committed to strengthening our compliance culture and staying engaged with the regulatory community shaping Labuan IBFC’s future.
