Malaysia

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.

ESG / Sustainability

Bursa Malaysia Gains UK Boost for Sustainable Investments

By Nithya Subramanian | 17/04/2024

Bursa Malaysia will collaborate with the UK’s MOBILIST programme to enable greater investment in energy transition.

AML / KYC

BNM Finalises Policy Requirements for Electronic KYC

By Mark Johnston | 17/04/2024

The policy document sets revised requirements and guidance for implementing e-KYC solutions in Malaysia’s financial sector.