Bank Negara Malaysia

Anti-Bribery & Corruption

Malaysia Central Bank Chief Resigns Amid 1MDB Controversy

By Manesh Samtani | 07/06/2018

Controversy relates to a land purchase by BNM; proceeds used by government to partly settle debt owed by troubled state fund 1MDB.

Conduct, Culture & Accountability

Malaysia Adopts FSPB Professional Code for Finance Industry

By JP Reimann | 28/05/2018

The code aims to instil core minimum standards of conduct, enhance confidence, promote sustainability across financial sector by promoting strong culture of professionalism.

Payments & Settlements

Malaysia Implements Segregated Accounts for Bond Investors

By Manesh Samtani | 23/05/2018

BNM has operationalised segregated securities accounts for resident and non-resident investors in RENTAS debt securities using LEIs to identify transacting parties.

Cybersecurity

Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages

By Manesh Samtani | 01/04/2018

Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.

Cloud & Infrastructure

Malaysia Establishes Working Group to Digitise Brokerage Industry

By Garima Chitkara | 18/03/2018

The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.

Capital Adequacy

Malaysia Banks Can Withstand Severe Shocks – BNM

By Manesh Samtani | 16/03/2018

The central bank’s Financial Stability Committee says Malaysian banks have a “strong capacity” to withstand financial shocks comparable to past crises.

Conduct, Culture & Accountability

Malaysia Reveals Bank Employee Screening Policy

By Samuel Riding | 12/03/2018

Financial institutions will be required to forward references, hiring companies must check Financial Markets Association records.

Anti-Money Laundering

Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges

By Manesh Samtani | 01/03/2018

Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.

Conduct, Culture & Accountability

Malaysia Eyes Senior Managers Regime

By Samuel Riding | 25/02/2018

BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.