Malaysia

AML / KYC

Swiss Prosecutors Indict Ex-PetroSaudi Executives in 1MDB Case

By Editors | 26/04/2023

The two former executives were paid by Jho Low to set up a joint venture that was used to embezzle $1.8bn from 1MDB.

AML / KYC

Malaysia in Talks with China to Secure Jho Low Repatriation

By Editors | 24/04/2023

An arrangement is being “hotly debated” inside the Malaysian government after PM Anwar Ibrahim’s first official trip to China last month.

ESG / Sustainability

Malaysia SC Invites Firms to Review and Improve SRI Taxonomy

By Sanday Chongo Kabange | 21/04/2023

Interested parties are asked to participate in the ongoing development of the SRI Taxonomy and propose ways to align it with the ASEAN Taxonomy.

AML / KYC

BNM, FICG to Co-host AML/CFT Hackathon in June

By Editors | 21/04/2023

The hackathon will be hosted with regional FIU body FICG to “search for creative solutions to curb financial crimes, particularly scams”.

AML / KYC

Malaysia to Re-evaluate Goldman Settlement Over 1MDB

By Editors | 19/04/2023

The government believes the 2020 deal “was done hastily” and could have resulted in more public funds being recovered.

BNM Issues New Rules for Hiring Insurance, Takaful Agents

By Sanday Chongo Kabange | 18/04/2023

BNM is working with industry associations to develop a centralised database of agents to ease the due diligence and reference-checking requirements.

Fintech / Regtech

Malaysia SC to Launch New Online Payment Platform

By Editors | 18/04/2023

The platform will enable an easier online payment process for regulatory, registration and application fees paid to the SC.

Securities / Derivatives

Malaysia Allows Dealer’s Representatives to Expand Services

By Editors | 17/04/2023

DRs can apply for additional licences to engage in investment advice, financial planning, restricted dealing in unit trust products, dealing in private retirement schemes.

ESG / Sustainability

Bursa Malaysia, PETRONAS Partner to Drive ESG Adoption

By Editors | 13/04/2023

PETRONAS, the largest corporate entity in Malaysia, will participate as an early adopter of Bursa Malaysia’s Centralised Sustainability Intelligence Platform.