Bank Negara Malaysia

Fraud, Scams & Cybercrime

Malaysia Budget 2023 to Tackle Scams, Promote Capital Market

By Editors | 09/10/2022

Budget 2023 includes measures to strengthen the capital market, protect against scams and cyber threats, and drive the ESG and climate change agenda.

Structural Regulation

Malaysia Establishes New Council to Drive Islamic Finance

By Editors | 07/10/2022

BNM and the SC said the newly established MIFC Leadership Council will cement Malaysia’s proposition as a leading hub for Islamic finance.

Fraud, Scams & Cybercrime

Malaysia Announces New Measures to Combat Financial Scams

By Editors | 28/09/2022

Malaysian banks will migrate SMS OTP to a more secure form of authentication, and further tighten detection rules and triggers to block scam-related transactions.

Structural Regulation

BNM Approves UOB Acquisition of Citi’s Malaysia Business

By Editors | 19/09/2022

UOB subsidiaries reached agreements in January to acquire Citigroup’s consumer banking businesses in Malaysia, Indonesia, Thailand and Vietnam.

Reporting & Disclosures

Malaysia to Issue ESG Disclosure Guide for SMEs

By Editors | 01/09/2022

Regulators are also developing guidance on Malaysia’s taxonomy, exploring blended finance solutions, and developing a catalogue of climate risk data sources.

Anti-Money Laundering

Malaysia to Enhance AML Supervision of Company Secretaries, Trust Companies

By Editors | 23/08/2022

The Companies Commission of Malaysia will “take on greater responsibility” in supervising company secretaries and trust companies “in the near future”.

Cybersecurity

Malaysia Reassures Public After Data Breach at Payments Firm

By Editors | 15/08/2022

The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

Data Privacy

BNM Reviewing Appropriateness of Published Statistical Data

By Editors | 09/08/2022

Industry practitioners, academia and the public are asked to complete a survey to help BNM assess public demand for its published data.

Structural Regulation

Malaysia Unveils Details of New Consumer Credit Act

By Editors | 05/08/2022

A ‘Consumer Credit Oversight Board’ will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.