Malaysia

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    AML / KYC

    Companies Commission of Malaysia’s Ravin Kaur Highlights Money Laundering Risks in Shell Companies

    By Editors | 20/09/2023

    Ravin Kaur, Senior Policy Advisor, AML/CFT Expert at Companies Commission of Malaysia, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, she shared how shell companies are being exploited for money laundering and transnational crime. She called for regulators and gatekeepers to conduct better customer due diligence when onboarding corporate entities to prevent misuse of shell companies.

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    ESG / Sustainability

    Bursa Malaysia, IDX, SET to Co-create Interconnected ESG Ecosystem

    By Editors | 19/09/2023

    The ASEAN exchanges will combine their expertise and resources to spur the adoption of good ESG practices and drive responsible growth of companies.

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    Enforcement

    Affin Hwang Dealer Punished for Misusing Client Funds

    By Editors | 18/09/2023

    The Affin Hwang Investment Bank dealer’s representative executed personal and unauthorised trades in clients’ accounts.

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    Enforcement

    RHB Investment Bank Fined, Reprimanded for Sponsor Failures

    By Editors | 15/09/2023

    RHB failed to conduct proper due diligence on an ACE Market listing applicant and to ensure submissions to Bursa Malaysia were complete and accurate.

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    ESG / Sustainability

    ASEAN Exchanges Agree on New Set of ESG Metrics

    By Editors | 13/09/2023

    Previously, Environment (E) and Social (S) metrics were developed. The exchanges have now agreed on complementary Governance (G) metrics.

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    Fintech / Regtech

    Malaysia SC Sets Rules for Offering Fractional Share Trading Services

    By Editors | 07/09/2023

    The guidelines seek to ensure stockbrokers have the necessary systems and controls to safeguard investors when offering them fractional share trading services.

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    Securities / Derivatives

    Bursa Malaysia Partners With Cradle to Boost Startup Listings

    By Editors | 07/09/2023

    Cradle will help Bursa Malaysia gain market intelligence on the local startup ecosystem, aiding it in identifying potential candidates for listing at an early stage.

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    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.

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    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.

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    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.

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