All posts tagged "BNM"
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2.6KAML / KYCBNM to Enforce AML Compliance at Law Firms in 2020
BNM assistant governor Encik Adnan Zaylani Mohamad Zahid warns that enforcement action will be taken against legal professionals for AML non-compliance starting in 2020.
August 30, 2019 -
360MalaysiaBNM Extends Range of Securities Eligible for Repo
BNM's draft policy document proposes to extend the maximum tenor of a repo to five years from 365 days previously, and to expand the securities that are eligible for repo.
August 21, 2019 -
385Malaysia
Malaysia Liberalises FX Hedging Framework
The policy move is aimed at providing greater flexibility and efficiency in foreign exchange risk management and business operations.
August 19, 2019 -
384Uncategorised
Malaysia to Introduce e-KYC for Money Services Businesses
BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.
August 14, 2019 -
354AML / KYC
Malaysian Authorities Bust Illegal Money Services Network
In raids were jointly conducted by central bank, police and immigration officers, authorities seized almost $1mn, along with documents, computers and mobile phones.
August 5, 2019 -
586Capital Regulation
Malaysia to Implement NSFR from July 2020
From 1 July 2020, banks will be required to maintain a minimum NSFR of 100% at all times and to submit NSFR reports to BNM on a quarterly basis.
August 1, 2019 -
932Fintech / Regtech
BNM to Set Up Cyber Threat Intelligence Platform
BNM governor says the platform will strengthen the financial industry’s capabilities to respond to cyber threats and help create a safe environment for innovation.
June 19, 2019 -
640Malaysia
BNM Issues Draft Rules for Electronic Trading Platforms
BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.
June 17, 2019 -
627FeatureSingapore, Malaysia, Vietnam on US Watchlist for Currency Practices
The US Treasury's monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.
May 31, 2019 -
491Malaysia
BNM Announces Initiatives to Boost Market Liquidity, Accessibility
The changes include enhanced repo market liquidity and flexibility, easier access to forex market, and an improved delivery mechanism for MGS futures settlements, among others.
May 20, 2019
