Malaysia

Securities / Derivatives

Malaysia SC Proposes Changes Guidelines on Unit Trust Funds

By Shruti Khairnar | 12/11/2020

The SC is consulting on changes as part of ongoing efforts to strengthen market competitiveness and develop the Malaysian funds industry.

BNM Announces Targeted Borrower Relief Under Record National Budget

By Editors | 09/11/2020

Among the measures, BNM will establish a 2bn ringgit facility for SMEs to borrow from participating FIs at concessionary rates and with a government guarantee.

Enforcement

SC Malaysia Wins MYR 3.1m in Insider Trading Case

By Sanday Chongo Kabange | 05/11/2020

The former senior partner of a law firm acquired shares in Worldwide Holdings in the months leading up to an announcement that the firm would be privatised.

Crypto / Digital Assets

Malaysia’s Guidelines on Digital Assets Enter Into Force

By Editors | 28/10/2020

The Securities Commission invites parties interested in registering as IEO platform operators or digital asset custodians to start submitting their applications.

Enforcement

SC Malaysia Establishes Task Force to Combat Financial Scams

By Editors | 27/10/2020

SC chairman Datuk Syed Zaid Albar SAID Malaysian nationals lost $220mn to financial scams in the first six months of this year.

AML / KYC

MAS Bans Former BSI Banker Over 1MDB ‘Secret Profits’

By Editors | 23/10/2020

The former banker received about $5mn in fund management fees in an entity he beneficially owned, at the expense of and without the knowledge of BSI Bank.

AML / KYC

Goldman Resolves Remaining 1MDB Charges for $2.9bn

By Manesh Samtani | 22/10/2020

Under the coordinated resolution, Goldman will pay $606mn in disgorgement and more than $2.3bn in penalties to authorities in the US, UK, Hong Kong and Singapore.

Enforcement

Malaysia SRO Reprimands Two Unit Trust Consultants for Misconduct

By Sanday Chongo Kabange | 22/10/2020

The two consultants allegedly schemed a plot to market, distribute and sell unit trust funds while they served as registered consultants of different entities.

AML / KYC

Goldman US Penalty Over 1MDB to be Announced ‘Within Days’

By Editors | 20/10/2020

Goldman Sachs Group has reportedly reached a more than $2bn settlement with the US DOJ over its role in Malaysia’s 1MDB scandal.