Malaysia

AML / KYC

Malaysia Clarifies Regulatory Treatment of Cryptocurrencies

By Editors | 07/12/2018

ICO issuers and digital asset exchanges will be regulated by the Securities Commission and subject to AML/CTF guidelines, as well as BNM laws and regulations relating to payments.

Market Infrastructure

Bursa Malaysia to Implement T+2 by Q2 2019

By Editors | 03/12/2018

The bourse said the move to a shorter settlement cycle will improve operational efficiency, reduce counterparty risk and improve the competitiveness of Malaysia’s capital market.

Enforcement

RBA Discloses A$22.6m in Penalties Paid by its Subsidiaries in 2012

By Manesh Samtani | 29/11/2018

The court-suppressed penalties were paid by the RBA subsidiaries to settle charges of conspiracy to bribe foreign officials for the purpose of obtaining or retaining business.

Securities / Derivatives

Malaysia to Allow Diversified Range of ETF Products

By Editors | 27/11/2018

New guidelines seek to boost retail investor participation in the ETF market by facilitating greater product innovation and allowing for the issuance of a more diversified range of ETFs.

Market Infrastructure

Indonesia Moves to T+2 Stock Settlement

By Editors | 27/11/2018

Indonesia becomes the second Southeast Asian country to implement T+2 settlement, in a move that is expected to improve liquidity, reduce settlement risk and boost foreign participation.

Market Infrastructure

Singapore’s UOB Completes Cross-Border P2P Payments in Real Time

By Editors | 16/11/2018

In a demo at Singapore FinTech Festival, multiple funds transfers were conducted between a UOB Singapore account and a UOB Thailand account in real time via the bank’s mobile app.

AML / KYC

US Prosecutors Charge Goldman Bankers Over 1MDB Scandal

By Garima Chitkara | 07/11/2018

Malaysian politician Anwar Ibrahim told Bloomberg it would be “inexecusable” if the bank was itself found complicit in money laundering and bribery related to the state development fund.

Crypto / Digital Assets

Malaysia Budget 2019 Targets Tech in Capital Market Measures

By Editors | 05/11/2018

Measures include new regulatory framework for cryptocurrencies, and a new fund to be invested via ECF and P2P platforms alongside private investors, among others.

AML / KYC

Malaysia has ‘Robust’ AML/CFT Framework – APG-FATF

By Editors | 01/11/2018

More actions needed to further strengthen the framework, including a greater focus on terrorist financing risk from the private sector and foreign source threats.