Malaysia

Enforcement

1MDB Saga Rumbles on in Singapore with Bans for Ex-Maybank, NRA Capital Staff

By Editors | 02/11/2017

Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.

Capital / Liquidity

Here’s Sand in Your Eye

By Karen Chiu | 26/10/2017

**Why fintech (financial technology) sandboxes aren’t necessarily the child’s play they’ve been made out to be by banks and disrupters alike.
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Capital / Liquidity

ASEAN Integration Framework on Course for Completion by 2020

By Editors | 19/10/2017

Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.

Malaysia to Introduce Bank Employee Screening, Ethics Requirements

By Editors | 16/10/2017

Central bank moves to improve ethics within the industry, will require banks to introduce minimum conduct standards and policy.

AML / KYC

Communication Breakdown

By Peter Guy | 09/10/2017

WhatsApp et al have widened a grey area in compliance rival financial messaging services are trying to exploit.

AML / KYC

Malaysian Central Bank to ‘Name and Shame’ Rulebreakers

By Editors | 09/10/2017

Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.

Enforcement

Malaysia Revising Prudential Framework for Outsourcing by Financial Institutions

By Editors | 04/10/2017

Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.

AML / KYC

Chinese Money Laundering or Capital Transfer – ‘Vive la Différence’

By Editors | 02/10/2017

Financial technology and digital payment systems are abetting the greatest money laundering campaign in the history of finance.

Capital / Liquidity

Malaysia Extends NSFR Implementation Deadline to 2019

By Editors | 02/10/2017

Central bank cites uncertainty and divergence from original 1 January 2018 deadline elsewhere, suggests NSFR of Malaysian banks already at 100%.