Malaysia

    AML / KYC

    BNM Allows MSBs to Onboard Corporate Customers Remotely

    By Sanday Chongo Kabange | 12/07/2021

    A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.

    Malaysia Provides Six Month Automatic Moratorium to Borrowers

    By Sanday Chongo Kabange | 11/07/2021

    This is the second time Malaysia has introduced a comprehensive loan moratorium after its debut in March last year.

    Fintech / Regtech

    Known Applicants for Malaysia Digital Bank Licences

    By Ranamita Chakraborty | 11/07/2021

    The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.

    Securities / Derivatives

    SC Malaysia Warns Unlisted Public Companies on Share Offerings

    By Editors | 06/07/2021

    When offering shares, unlisted public companies need to ensure that the prospective investor they approach is a sophisticated investor.

    Securities / Derivatives

    Malaysia to Launch Night Trading in Derivatives by Q4

    By Editors | 02/07/2021

    Night Trading will enhance price discovery, align Malaysia’s derivatives market with global practices, and attract foreign traders.

    Crypto / Digital Assets

    SC Malaysia Expands Sophisticated Investor Definition

    By Editors | 02/07/2021

    More investors will be allowed to expand their investment options and issuers will be able to tap into a larger pool of sophisticated investors.

    Enforcement

    US Judge Orders Goldman, Former Execs to Face 1MDB Lawsuit

    By Ranamita Chakraborty | 01/07/2021

    A US district court judge said it “strains credulity” for Goldman Sachs to contend it had no indication that funds were being siphoned from 1MDB.

    Fintech / Regtech

    Malaysia, Thailand Establish Cross-border QR Payment Link

    By Manesh Samtani | 21/06/2021

    The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.

    Securities / Derivatives

    Bursa Malaysia Offers Additional Relief to Listed Issuers

    By Ranamita Chakraborty | 18/06/2021

    Relief is provided to listed issuers with unsatisfactory financial conditions or an inadequate level of operations between 1 July 2021 and 31 December 2021.

    Fintech / Regtech

    BNM Sets Out New Draft Policy for E-Money Issuers

    By Manesh Samtani | 14/06/2021

    The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have “substantial market presence”.

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