Malaysia

Market Infrastructure

Malaysia Launches First Skills Framework for Financial Sector

By Jaya Prakash Balakrishnan | 25/07/2024

The framework identifies job roles and skills in high demand as well as career development pathways and capacity building programmes.

AML / KYC

US Authorities Recover Another $85m in 1MDB Case

By Nithya Subramanian | 24/07/2024

The DOJ secured the recovery of a Swiss financial account along with diamond jewellery and artwork worth a combined $85mn.

Enforcement

SC Malaysia Warns of Investment Scams Involving Deepfakes

By Nithya Subramanian | 23/07/2024

The regulator has asked the public to be vigilant in evaluating investment offers, and not transfer money into suspicious accounts.

AML / KYC

Singapore Says Jho Low Red Notice Remains in Effect

By Nithya Subramanian | 22/07/2024

Jho Low’s civil settlement with the US DOJ has “no bearing” on criminal investigations against him and his associates in Singapore.

Securities / Derivatives

SC Malaysia Tightens Rules for Financial Influencers

By Nithya Subramanian | 19/07/2024

Finfluencers who promote capital market products to their followers for commissions or rewards would require a licence.

Market Infrastructure

ASEAN Exchanges to Pursue Four POCs to Improve Competitiveness

By Nithya Subramanian | 17/07/2024

The POCs focus on developing common data infrastructure, enhancing capacity building, and creating a marketplace for transition financing and ESG investment.

Market Infrastructure

Bursa Malaysia and Pribumi Launch World’s First Zakat Index

By Nithya Subramanian | 16/07/2024

The PBMZI aims to recognise public-listed companies adopting corporate zakat practices, integrating Islamic financial principles with ESG and SRI elements.

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.