Malaysia

ESG / Sustainability

Bursa Malaysia, Westports, OCBC to Collaborate on ESG

By Mark Johnston | 12/10/2023

Westports Holdings and OCBC Bank will become the latest early adopters of Bursa Malaysia’s Centralised Sustainability Intelligence Platform.

Enforcement

Goldman Sachs Sues Malaysia Over 1MDB-related Dispute

By Editors | 12/10/2023

The two sides are in disagreement over whether Goldman must make an interim payment against a guarantee it provided in its 2020 settlement with Malaysia.

Crypto / Digital Assets

Malaysian Regulator Grants In-principle Approval to Fifth Digital Exchange

By Nithya Subramanian | 12/10/2023

Hata becomes the first platform to gain approval after the regulator restarted accepting applications for such exchanges.

ESG / Sustainability

Malaysia Hosts Asia Launch of Revised OECD Principles on Corporate Governance

By Editors | 11/10/2023

The SC chairman said a dedicated sustainability committee has been formed on the SC Board. Deputy finance minister said Parliament will consider the establishment of “Bursa RegSub”.

AML / KYC

Malaysia to Enhance Beneficial Ownership Reporting Requirements

By Editors | 11/10/2023

Companies will have to keep and maintain a register of beneficial owners at their registered offices and report any changes within 14 days.

Enforcement

US Court Orders Return of Ex-Goldman Banker Roger Ng to Malaysia

By Manesh Samtani | 07/10/2023

Roger Ng already has to serve ten years in a US prison, but he will first be transported back to Malaysia to face other 1MDB-related charges and help in the 1MDB probe.

Enforcement

Malaysia’s High Court Penalises Former Bank Rakyat Execs

By Editors | 06/10/2023

Bank Rakyat’s ex-chairman and ex-managing director breached their fiduciary duties by arranging sponsorship for a book about Najib Razak in 2016.

Fintech / Regtech

BNM to Finalise Licensing Framework for Digital Insurers in 2024

By Sanday Chongo Kabange | 06/10/2023

Following consultation, BNM said it would refine and enhance several aspects of the framework for digital insurers and takaful operators.

ESG / Sustainability

Bursa Malaysia Issues Handbook for Voluntary Carbon Market

By Editors | 06/10/2023

The handbook defines the roles and functions of key entities in Malaysia’s carbon market operations, and provides information on how the Bursa Carbon Exchange works.