Malaysia

Anti-Money Laundering

Malaysian Authorities Bust Illegal Money Services Network

By Editors | 05/08/2019

In raids were jointly conducted by central bank, police and immigration officers, authorities seized almost $1mn, along with documents, computers and mobile phones.

Liquidity Risk

Malaysia to Implement NSFR from July 2020

By Editors | 01/08/2019

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.

Anti-Money Laundering

US Authorities Probe Deutsche Bank Dealings With 1MDB

By Editors | 13/07/2019

The DOJ probe is looking into whether Deutsche Bank failed to comply with US AML or foreign bribery laws in the course of raising $1.2bn for 1MDB in 2014.

Cryptocurrency

Malaysia to Finalise Regulatory Framework for ICOs by Year-End

By Editors | 06/07/2019

A framework for ICOs, originally expected by the end of Q1, is now under review by relevant stakeholders, according to deputy finance minister Datuk Amiruddin Hamzah.

Anti-Money Laundering

Goldman’s Compensation Offer for 1MDB Losses ‘Not Adequate’

By Editors | 25/06/2019

Prime Minister Mahathir Mohamad says Goldman’s $240mn offer to compensate Malaysia for the bank’s role in the 1MDB scandal is not adequate.

Structural Regulation

Malaysia to Loosen Regulatory Reins in Capital Markets

By Editors | 21/06/2019

As market discipline strengthens, the Securities Commission and Bursa Malaysia will “proportionately scale down the intensity of regulatory discipline”.

Cybersecurity

BNM to Set Up Cyber Threat Intelligence Platform

By Editors | 19/06/2019

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.

Structural Regulation

BNM Issues Draft Rules for Electronic Trading Platforms

By Editors | 17/06/2019

BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.

Clearing & Post-Trade

Bursa Malaysia Launches Mobile Depository Services

By Editors | 13/06/2019

‘Bursa Anywhere’ allows individual investors to manage their share depository account on their cellphones.