Bank Negara Malaysia

Anti-Money Laundering

BNM, FICG to Co-host AML/CFT Hackathon in June

By Editors | 21/04/2023

The hackathon will be hosted with regional FIU body FICG to “search for creative solutions to curb financial crimes, particularly scams”.

Reporting & Disclosures

BNM, SC to Engage Energy Sector on ASEAN Taxonomy Readiness

By Editors | 10/04/2023

Consultations with the energy sector will be used to finalise Version 2 of the ASEAN Taxonomy, which is set to take effect in early 2024.

Cloud & Infrastructure

BNM Proposes to Introduce ‘Green Lane’ for FinTech Sandbox

By Editors | 06/04/2023

The ‘Innovation Green Lane’ will offer a more risk-proportionate and accelerated pathway for innovative solutions by financial institutions with strong risk management capabilities.

Cloud & Infrastructure

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

Structural Regulation

Malaysia Issues 2nd Consultation on New Consumer Credit Act

By Editors | 06/04/2023

The new consultation paper covers licensing, financial, governance and conduct requirements for unregulated credit services including BNPL providers.

Payments & Settlements

Singapore, Malaysia Launch Cross-border QR Payments Link

By Editors | 31/03/2023

The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.

Payments & Settlements

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

Sustainable Finance

Malaysia Roll Outs of First “Greening Value Chain” Programme

By Editors | 08/03/2023

The initiative, announced last November, is designed to provide technical assistance and funding to help SMEs decarbonise their operations.

Conduct, Culture & Accountability

BNM Proposes Fair Treatment Rules for Vulnerable Consumers

By Editors | 05/03/2023

BNM proposes to amend its Fair Treatment of Financial Consumers policy document to cover specific requirements on the treatment of vulnerable consumers.