Malaysia

ESG / Sustainability

Bursa Carbon Exchange Completes First Renewable Energy Certificates Auction

By Nithya Subramanian | 26/06/2024

In this inaugural auction, 15 buyers purchased RECs developed by Sarawak Energy. In July, Malaysia’s first nature-based carbon credits will be on offer.

Enforcement

BNM Calls for Prompt Refunds for Depositors Affected by Fraud

By Nithya Subramanian | 24/06/2024

The central bank said recent reports of large-scale unauthorised cash withdrawals arose from collusion between bank employees and external parties.

ESG / Sustainability

Bursa Malaysia Opens Access to Sustainability Reporting Platform

By Nithya Subramanian | 24/06/2024

To date, the platform has primarily been used by early adopters. Bursa Malaysia said it can now be used by “all companies” of any size.

Sanctions

Malaysia, Thailand Commencing Procedures to Join BRICS

By Editors | 24/06/2024

Thailand has submitted a formal letter of intent to join BRICS. Malaysia has decided to join and will start work on the formal procedures “soon”.

Enforcement

Asian Police Bust Multi-Jurisdiction Malware Scam Syndicate

By Sanday Chongo Kabange | 18/06/2024

Police in Hong Kong, Singapore, Malaysia and Taiwan jointly targeted a group involved in malware-enabled scams.

Capital / Liquidity

BNM Issues Framework on Standardised Approach to Credit Risk

By Editors | 17/06/2024

The framework will come into effect on 1 July 2026, one year later than initially proposed in January 2023.

AML / KYC

Malaysia SC Issues Revised AML/CFT/CPF Guidelines

By Editors | 17/06/2024

The updated guidelines include requirements to identify and perform due diligence on counterparty VASPs before transmitting information to them.

AML / KYC

US Repatriates Additional $156mn in 1MDB Funds to Malaysia

By Nithya Subramanian | 15/06/2024

To date, the US DOJ has repatriated to Malaysia a total of $1.4bn that was misappropriated from 1MDB.

Securities / Derivatives

Malaysia SC Issues Revised Guidelines on CFDs

By Editors | 14/06/2024

The latest amendments expand the underlying instruments for CFDs to include ETFs, REITs, and commodity derivatives.