Malaysia

Fintech / Regtech

Grab-Singtel Digital Bank Approved for Launch in Malaysia

By Editors | 07/09/2023

GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.

AML / KYC

Malaysia: BNM Announces Penalties Against Ten Entities

By Editors | 04/09/2023

Seven entities within a group accepted deposits without a licence. Three other entities breached AML/CFT requirements.

AML / KYC

Malaysia Freezes Bank Accounts, Makes Arrests in Bribery Probe

By Editors | 30/08/2023

The probe involves more than MYR 6 million in bribes allegedly paid to prominent figures and political leaders by a gambling company.

Securities / Derivatives

Malaysia SC Further Liberalises Fund Management Industry

By Editors | 29/08/2023

The measures are designed to give high net worth entities and institutional investors access to a wider range of investment options.

Capital / Liquidity

BNM Issues Draft Policy on Liquidity Risk Management

By Manesh Samtani | 28/08/2023

The policy requires banks to apply early warning indicators and liquidity stress tests to identify emerging liquidity risks and vulnerabilities.

Market Infrastructure

Indonesia, Malaysia, Thailand to Boost Cooperation on Local Currency Use

By Editors | 25/08/2023

Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand will strengthen cooperation to promote the use of local currencies in bilateral transactions.

AML / KYC

Malaysia Considers Lawsuit Against Goldman Sachs Over 1MDB

By Editors | 25/08/2023

Prime minister Anwar Ibrahim said as much as 68% of the 1MDB losses have been recovered, but that his administration is considering ways to recover more from Goldman.

Capital / Liquidity

Malaysia Introduces Guidelines for Technology Risk Management

By Ranamita Chakraborty | 02/08/2023

The guidelines are set to come into effect in the third quarter of 2024 to allow ample time for capital market entities to comply.

AML / KYC

Malaysia Records Surging Suspicious Transactions and Scams

By Ranamita Chakraborty | 31/07/2023

Bank Negara Malaysia’s deputy governor revealed that the central bank’s financial intelligence unit saw a nearly 30 percent increase in suspicious transaction reports compared to the previous year.