Malaysia

AML / KYC

US DOJ Repatriates Additional $452bn in 1MDB Funds to Malaysia

By Editors | 08/08/2021

The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.

ESG / Sustainability

Malaysia Forms Group to Support Climate Taxonomy Adoption

By Editors | 05/08/2021

12 members of Malaysia’s Joint Committee on Climate Change have committed to early adoption of the taxonomy, ahead of the July 2022 deadline.

Securities / Derivatives

Malaysian Regulators Ask Auditors to Up Their Game

By Ranamita Chakraborty | 04/08/2021

Audit engagements which required further evaluation and investigation in 2020 were found to have weak auditing procedures and lacked professional scepticism.

Securities / Derivatives

Bursa Malaysia Proposes Listing Rule Changes to Enhance ACE Market

By Manesh Samtani | 03/08/2021

Sponsor eligibility requirements will be liberalised to make available a wider pool of qualified corporate finance advisers to act as sponsors for the ACE Market.

AML / KYC

Regulatory Pressure on Binance Builds With Malaysia Ban

By Manesh Samtani | 01/08/2021

Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

Capital / Liquidity

Malaysia Establishes Policy on Recovery and Resolution Planning

By Editors | 31/07/2021

Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.

Securities / Derivatives

Bursa Malaysia Proposes Rule Changes to Enhance Board Quality

By Editors | 22/07/2021

Bursa Malaysia proposes to limit the tenure of independent directors and require listed issues to have in place a fit and proper policy.

Securities / Derivatives

Bursa Allows Investors to Subscribe for Rights Issues Electronically

By Editors | 16/07/2021

A new eRights service has been introduced on the Bursa Anywhere mobile app, allowing investors to apply and make payment for rights issues electronically.

AML / KYC

Malaysia Files Suit Against KPMG Partners Over 1MDB Losses

By Editors | 13/07/2021

The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm’s audits of 1MDB’s financial statements.