Malaysia

AML / KYC

Ex-BSI Banker the 1st to Be Jailed in 1MDB Scandal

By Samuel Riding | 14/11/2016

Former relationship manager also fined USD17,000 and surrenders USD5.3mn in salary.

Market Infrastructure

MAS Deputy MD Appointed Chair of GEM Committee

By Samuel Riding | 09/11/2016

Jacqueline Loh will serve for three years as chair of Global Economy Meeting’s Markets Committee.

Market Infrastructure

Malaysia Approves 6 P2P Platforms

By Samuel Riding | 07/11/2016

Country is the first in ASEAN to regulate sector; to introduce digital investment advice rules in 2017

Malaysia SC to Revamp Trustee, Custodian Framework

By Samuel Riding | 13/10/2016

New framework designed to assure investor protection, enable trustees to expand service.

AML / KYC

Updated – MAS Shuts Falcon Bank Singapore Operations

By Samuel Riding | 11/10/2016

Swiss regulator claims USD3.8bn of 1MDB money went via Falcon; MAS also fines DBS, UBS for control failures.

AML / KYC

Former Mega Bank Chairman Arrested in Taiwan

By Samuel Riding | 05/10/2016

Ex-chairman alleged to have offloaded stock in advance of US fine.

AML / KYC

Australian Banking Inquiry – ANZ Denies Links to 1MDB Scandal

By Samuel Riding | 05/10/2016

CBA acknowledges “poor customer outcomes”, failed to commit on victims’ compensation.

AML / KYC

Emerging Asia Heads Decline in Banks’ Relevance – EY

By Samuel Riding | 27/09/2016

Lack of trust one of the main factors turning consumers away from traditional banks, report suggests.

Market Infrastructure

Malaysia Regulator to Form VC, PE Working Group

By Samuel Riding | 21/09/2016

Securities Commission to also release list of entities able to offer peer-to-peer financing.