Credit Risk

BNM Issues Framework on Standardised Approach to Credit Risk

17/06/2024

The framework will come into effect on 1 July 2026, one year later than initially proposed in January 2023.

Anti-Money Laundering

Malaysia SC Issues Revised AML/CFT/CPF Guidelines

17/06/2024

The updated guidelines include requirements to identify and perform due diligence on counterparty VASPs before transmitting information to them.

PEPs & Sanctions

G7 Leaders Issue Joint Sanctions Warning Against China

17/06/2024

The G7 vowed to take measures against actors in China that materially support Russia’s “war machine”, including FIs.

PEPs & Sanctions

EU Sanctions Package Delayed Over Verification Rule

16/06/2024

Germany fears that its exporters could be impacted by requirements to verify that customers are not transshipping goods to Russia.

PEPs & Sanctions

Indian Banks Calls on Government to Set Up “OFAC Cell”

16/06/2024

Bankers say an “OFAC cell” created within the DFS could help them minimise the risks of sanctions non-compliance.

Anti-Bribery & Corruption

MAS, CAD Investigating Seatrium Over ‘Operation Car Wash’

16/06/2024

Seatrium disclosed that MAS and the Singapore police have requested further information for a joint investigation.

PEPs & Sanctions

US Sanctions Israeli Group for Blocking Humanitarian Aid

16/06/2024

Last month, the group’s members “looted and then set fire to two trucks” carrying humanitarian aid destined for Gaza.

PEPs & Sanctions

US, Türkiye Issue Joint Sanctions on ISIS Supporters

15/06/2024

The US sanctions, coordinated with the Turkish government, target supporters of a human smuggling gang linked to ISIS.

Anti-Money Laundering

Japan Regulator Issues Orders Against Crypto Firm CoinBest

15/06/2024

CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.