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Malaysia
Enforcement
BNM Calls for Prompt Refunds for Depositors Affected by Fraud
By Nithya Subramanian | 24/06/2024
The central bank said recent reports of large-scale unauthorised cash withdrawals arose from collusion between bank employees and external parties.
ESG / Sustainability
Bursa Malaysia Opens Access to Sustainability Reporting Platform
By Nithya Subramanian | 24/06/2024
To date, the platform has primarily been used by early adopters. Bursa Malaysia said it can now be used by “all companies” of any size.
Sanctions
Malaysia, Thailand Commencing Procedures to Join BRICS
By Editors | 24/06/2024
Thailand has submitted a formal letter of intent to join BRICS. Malaysia has decided to join and will start work on the formal procedures “soon”.
Enforcement
Asian Police Bust Multi-Jurisdiction Malware Scam Syndicate
By Sanday Chongo Kabange | 18/06/2024
Police in Hong Kong, Singapore, Malaysia and Taiwan jointly targeted a group involved in malware-enabled scams.
Capital / Liquidity
BNM Issues Framework on Standardised Approach to Credit Risk
By Editors | 17/06/2024
The framework will come into effect on 1 July 2026, one year later than initially proposed in January 2023.
AML / KYC
Malaysia SC Issues Revised AML/CFT/CPF Guidelines
By Editors | 17/06/2024
The updated guidelines include requirements to identify and perform due diligence on counterparty VASPs before transmitting information to them.
AML / KYC
US Repatriates Additional $156mn in 1MDB Funds to Malaysia
By Nithya Subramanian | 15/06/2024
To date, the US DOJ has repatriated to Malaysia a total of $1.4bn that was misappropriated from 1MDB.
Securities / Derivatives
Malaysia SC Issues Revised Guidelines on CFDs
By Editors | 14/06/2024
The latest amendments expand the underlying instruments for CFDs to include ETFs, REITs, and commodity derivatives.
SC Malaysia Releases Practical Guide on VC and PE Sector
By Nithya Subramanian | 14/06/2024
The guide provides information on capital market regulations and other areas critical to VC and PE operations.
ESG / Sustainability
Malaysia Unveils Initiatives to Further Boost Islamic Finance
By Nithya Subramanian | 31/05/2024
The SC will launch a social exchange by year-end and introduce P2P financing and equity crowdfunding for waqf developments.
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