Malaysia

Anti-Money Laundering

FINMA Orders ‘Coutts’ to Pay $6.5mn for 1MDB Breaches

By Samuel Riding | 03/02/2017

Swiss regulator says bank’s own legal unit suspected transaction information was ‘entirely fabricated’.

Structural Regulation

Slow Progress on ASEAN Banking Integration

By Samuel Riding | 26/01/2017

Fitch Ratings suggests full integration a ‘very distant goal’.

Supervision & Enforcement

BNM Fines Institution $315,000 for Failing to Report Misconduct

By Samuel Riding | 25/01/2017

Central bank says institution failed to report misconduct found during an audit, has been ‘strongly censured’.

Anti-Money Laundering

Ex-Falcon Manager Linked to 1MDB Jailed, Fined

By Samuel Riding | 12/01/2017

Former branch manager failed to file STRs, pleads guilty to six of 16 charges.

Anti-Money Laundering

Malaysia to Shut Down 1MDB

By Samuel Riding | 09/01/2017

Central bank has concluded investigations; other countries continue to probe offences.

Supervision & Enforcement

Malaysia Warns on Reporting Obligations

By Samuel Riding | 28/12/2016

BNM says it has started enforcement action against a financial institution for forex-related misconduct.

Capital Adequacy

APAC Institutions Under Mounting Regulatory Pressure

By Wolters Kluwer Financial Services | 23/12/2016

How the region can contend with global trends amid substantial local changes.

Anti-Money Laundering

Malaysia – 2016 in Review

By Samuel Riding | 22/12/2016

Regulators sought to move past the 1MDB scandal, introducing fintech and regtech initiatives

AI Risk & Governance

Malaysia to Utilise Big Data in Market Analytics

By Samuel Riding | 05/12/2016

New technology allows processing of data from different sources, said to enhance regulatory effectiveness.