Malaysia

Securities / Derivatives

Bursa Malaysia Introduces New Investor Protection Tool

By Nithya Subramanian | 21/05/2024

The newly launched Trading Reminders will alert investors to be cautious with stocks showing unusual movements.

AML / KYC

Malaysia Taking Steps to Enhance AML/CFT Regime

By Editors | 16/05/2024

Malaysian laws are being reviewed to address “gaps and implementation issues” and “elevate beneficial ownership reporting”.

ESG / Sustainability

Malaysia to Sell First Domestic Carbon Credits on 25 July

By Editors | 14/05/2024

Bursa Malaysia said the auction of carbon credits generated via a domestic forestry project marks a “significant milestone” for BCX.

AML / KYC

1MDB and Subsidiaries Sue Former PM’s Wife for $346mn

By Nithya Subramanian | 13/05/2024

The lawsuit alleged that funds from 1MDB and its subsidiaries were used by Najib Razak’s wife to purchase luxury goods.

AML / KYC

Malaysia Tells US Officials it Only Recognises UN Sanctions

By Editors | 10/05/2024

US officials have warned Malaysia about ship-to-ship transfers and Iranian money moving through its financial system.

Enforcement

BNM Fines 14 Banks Over Erroneous Statistical Submissions

By Sanday Chongo Kabange | 09/05/2024

The reporting failures were caused by unresolved technical issues and inadequate operating procedures.

Fintech / Regtech

Malaysia Launches New Platform to Connect Investors and DRs

By Mark Johnston | 08/05/2024

The “Bursa Reach” platform allows dealer’s representatives to showcase their expertise and profiles with investments.

AML / KYC

US Court Ends Goldman Criminal Case Over 1MDB Work

By Nithya Subramanian | 08/05/2024

Brooklyn federal court dismissed a bribery conspiracy charge against Goldman following the completion of its three-year DPA.

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.