Malaysia

EU Seeking to Prevent Sanctions Evasion via Vietnam, Malaysia

By Editors | 15/07/2024

EU sanctions envoy David O’Sullivan said China is a “growing problem” as a circumvention hub, but Vietnam and Malaysia are among the next priorities.

Enforcement

SC Malaysia Sues Former Nicorp CEO for Insider Trading

By Nithya Subramanian | 11/07/2024

The SC is seeking disgorgement and civil penalty of MYR26.44 million. Additionally, it wants to bar Chan from taking up management positions for five years.

Fintech / Regtech

BNM Finalises Licensing Framework for Digital Insurers

By Editors | 09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

Securities / Derivatives

SC Malaysia Issues Warning on Pre-IPO Investment Scams

By Nithya Subramanian | 05/07/2024

These scams primarily revolve around private placement offerings, often coinciding with upcoming IPO listings announced on the Bursa Malaysia website.

Market Infrastructure

Project Nexus Completes Blueprint; Prepares for Live Implementation

By Nithya Subramanian | 02/07/2024

To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.

Enforcement

US DOJ, Jho Low Reach Global Pact on 1MDB Asset Forfeiture: Report

By Nithya Subramanian | 01/07/2024

The agreement forever resolves the United States’ civil, criminal and administrative asset forfeiture actions of monies and assets traceable to 1MDB.

Market Infrastructure

Malaysia Gazettes New Law to Strengthen Cyber Resilience

By Editors | 27/06/2024

The legislation will lead to new obligations for ‘National Critical Information Infrastructure’ sectors and a licensing regime for cyber security service providers.

AML / KYC

US DOJ to Recover Additional $100mn in 1MDB Case

By Nithya Subramanian | 27/06/2024

Jho Low will forfeit a luxury apartment in Paris and artworks by Andy Warhol and Claude Monet purchased for USD 35 million.

ESG / Sustainability

Bursa Carbon Exchange Completes First Renewable Energy Certificates Auction

By Nithya Subramanian | 26/06/2024

In this inaugural auction, 15 buyers purchased RECs developed by Sarawak Energy. In July, Malaysia’s first nature-based carbon credits will be on offer.