Malaysia

AML / KYC

Malaysia Restricts Crypto Activity Until New Guidelines in Place

By Manesh Samtani | 17/01/2019

Crypto exchange operators are prohibited from accepting new clients and ongoing ICO projects must return all client funds, until the securities regulator is ready to formally authorise their activities.

Enforcement

NSE Chairman Resigns Amid Bribery Probe

By Editors | 14/01/2019

NSE chairman Ashok Chawla was named in a charge sheet related to a bribery case involving telecom operator Aircel and its Malaysian investor Maxis.

Securities / Derivatives

Bursa Malaysia Introduces New Trading Features

By Editors | 09/01/2019

The exchange has introduced market order at pre-closing, on-open orders, on-close orders, iceberg orders and one-cancel-other orders.

Fintech / Regtech

Malaysia Issues Policy Standards for Open Data APIs

By Editors | 08/01/2019

A new central bank policy document outlines recommendations for financial institutions developing and publishing Open Data APIs.

Fintech / Regtech

BNM Issues Policy Document Targeting Outsourcing Risk at FIs

By Editors | 31/12/2018

Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.

AML / KYC

MAS Extends Prohibition Against Goldman’s Leissner to Lifetime Ban

By Editors | 20/12/2018

The March 2017 prohibition order barring former banker Tim Leissner for 10 years was based on limited information; US DOJ charges provided evidence of his involvement in 1MDB fund flows.

AML / KYC

Malaysia Files Criminal Charges Against Goldman Sachs over 1MDB

By Editors | 17/12/2018

Malaysian prosecutors have filed criminal charges against three Goldman subsidiaries and two former employees, seeking fines in the billions of dollars and jail terms of up to 10 years.

Securities / Derivatives

Bursa Malaysia Enhances ETF Framework, Effective in January

By Editors | 10/12/2018

“The introduction of innovative ETF products is a welcome development for our ETF market, and should lead to a more vibrant ETF ecosystem,” said Bursa Malaysia chief Tajuddin.

Big Picture

APAC Banks Have Sufficient Buffers to Counter 2019 Risks – Moody’s

By Editors | 07/12/2018

Banks will face challenging conditions in 2019 due to moderating economic growth, slowing credit expansion and US-China trade tensions, but have adequate buffers against growing risks.