Malaysia

Capital / Liquidity

Malaysia Issues Draft Policy Framework for D-SIBs

By Editors | 04/04/2019

The draft policy framework sets out a proposed assessment methodology to identify D-SIBs in Malaysia and the applicable HLA and reporting requirements.

AML / KYC

Malaysia Mulls Cash Transaction Limit as AML Measure

By Editors | 01/04/2019

Bank Negara Malaysia will conduct a public consultation by Q3 to gather feedback on the implementation of a cash transaction limit, what it should be, and whether it is even desirable.

Fintech / Regtech

Malaysia Seeks Licensing Regime for Virtual Banks by Year-End

By Editors | 29/03/2019

Though discussions are still in the preliminary stages, Malaysia’s central bank is looking to publish its requirements for virtual bank licences by the end of the year.

AML / KYC

Securities Commission Malaysia Issues Show-cause Notice to Goldman

By Editors | 15/03/2019

Malaysia’s securities regulator has reportedly issued a show-cause notice to Goldman Sachs, assumed to be in connection with the multi-billion dollar 1MDB scandal.

Crypto / Digital Assets

SC Orders Half of Malaysia’s Digital Asset Exchanges to Close

By Editors | 11/03/2019

According to a notice from Malaysia’s Securities Commission, 21 of the country’s 43 digital asset exchanges will be forced to close after they failed to register by the 1 March deadline.

Fintech / Regtech

Malaysia Consults on Frameworks for ICOs, Property Crowdfunding

By Editors | 08/03/2019

The ICO framework covers issuer eligibility, transparency in disclosures, and utilisation of proceeds. The property crowdfunding framework was first announced in Budget 2019.

Market Infrastructure

Malaysia to Introduce Technology Risk Policy in June – Report

By Editors | 25/02/2019

BNM plans to introduce its policy on technology risk management in June, providing guidelines for financial institutions to combat the rising incidence of cybercrime.

Crypto / Digital Assets

SC Malaysia Includes Digital Assets in ‘Recognised Market’ Guidelines

By Editors | 01/02/2019

Operators of electronic platforms for digital assets have until 1 March to submit an application to be formally recognised by the Securities Commission as market operators.

Enforcement

UPDATED – Malaysia SC Fines Deloitte for 1MDB-Linked Auditing Breaches

By Editors | 31/01/2019

SC says Deloitte failed to immediately report irregularities which may have had a material effect on the ability of a 1MDB unit to repay bondholders. Deloitte is seeking a review of the decision.