Malaysia

Sanctions

Iran Reliant on Malaysia to Finance Terrorist Proxies: US Official

By Editors | 08/05/2024

US officials express concern about the use of Southeast Asian service providers to route illicit sales of Iranian oil.

Enforcement

BNM Publishes Document Detailing its Enforcement Approach

By Sanday Chongo Kabange | 07/05/2024

BNM says increased transparency should “foster confidence” in its role as a regulator and supervisor.

Sanctions

US Officials in Malaysia, Singapore This Week to Discuss Sanctions

By Editors | 06/05/2024

Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

ESG / Sustainability

Malaysia SC, IsDB to Cooperate on Islamic Capital Market

By Nithya Subramanian | 30/04/2024

The collaboration will facilitate innovation in Islamic fintech, promote Islamic social finance, and encourage investment inflows.

Enforcement

Former Bank Manager Charged with Forgery in Malaysia

By Mark Johnston | 27/04/2024

The former customer relations manager used fraudulent documents to withdraw gold belonging to three female customers of Al-Rajhi Bank.

ESG / Sustainability

Malaysia Consults on Guidance to Enhance ESG Disclosures

By Editors | 26/04/2024

The guidance is aimed at enhancing ESG disclosures for five sectors, namely energy, transport & storage, construction & real estate, agriculture and manufacturing.

Malaysia to Introduce ‘Golden Pass’ for Venture Capital Firms

By Mark Johnston | 24/04/2024

The Golden Pass will reduce VC registration time from 6 to 2 weeks. The employment pass vetting process is also being enhanced.

Market Infrastructure

Malaysia to Regulate BNPL Under New Consumer Credit Act

By Sanday Chongo Kabange | 23/04/2024

The government and regulators are reportedly formulating a new Consumer Credit Act that will capture non-bank entities including BNPL providers.

ESG / Sustainability

Bursa Carbon Exchange to Offer Renewable Energy Certificates

By Sanday Chongo Kabange | 18/04/2024

BCX will hold its inaugural REC auction in June 2024. The RECs will be supplied by state owned power utility Sarawak Energy.