Malaysia

BNM Calls for Heightened Vigilance Over Payment Card Activity

By Editors | 10/10/2022

Payment gateway service provider iPay88 experienced a breach earlier this year affecting card data from online transactions.

AML / KYC

Malaysia Budget 2023 to Tackle Scams, Promote Capital Market

By Editors | 09/10/2022

Budget 2023 includes measures to strengthen the capital market, protect against scams and cyber threats, and drive the ESG and climate change agenda.

Malaysia Establishes New Council to Drive Islamic Finance

By Editors | 07/10/2022

BNM and the SC said the newly established MIFC Leadership Council will cement Malaysia’s proposition as a leading hub for Islamic finance.

AML / KYC

Malaysia Announces New Measures to Combat Financial Scams

By Editors | 28/09/2022

Malaysian banks will migrate SMS OTP to a more secure form of authentication, and further tighten detection rules and triggers to block scam-related transactions.

ESG / Sustainability

Bursa Malaysia Updates Sustainability Reporting Framework

By Editors | 27/09/2022

By 2025, all Main Market listed issuers will be reporting TCFD-aligned disclosures and internalising climate change considerations in their business strategies.

Crypto / Digital Assets

CyberSecurity Malaysia, MX Global Partner on Digital Assets

By Editors | 19/09/2022

The collaboration includes research and development, joint solution development, and cyber risk training and awareness programmes.

BNM Approves UOB Acquisition of Citi’s Malaysia Business

By Editors | 19/09/2022

UOB subsidiaries reached agreements in January to acquire Citigroup’s consumer banking businesses in Malaysia, Indonesia, Thailand and Vietnam.

Securities / Derivatives

Bursa Malaysia Set to Launch Enhanced Gold Futures Contract

By Editors | 16/09/2022

The enhanced contract will provide investors exposure to gold at standard global prices without the need for currency conversion.

ESG / Sustainability

Malaysia to Issue ESG Disclosure Guide for SMEs

By Editors | 01/09/2022

Regulators are also developing guidance on Malaysia’s taxonomy, exploring blended finance solutions, and developing a catalogue of climate risk data sources.