Malaysia

Operational Risk

BNM Penalises Maybank, CIMB for Multiple Service Disruptions

By Jaya Prakash Balakrishnan | 15/08/2024

BNM said that CIMB and Maybank’s inability to promptly recover from system disruptions severely impacted customers and counterparties.

Sustainable Finance

Malaysia to Develop Fundraising Platform for Domestic Carbon Projects

By Editors | 09/08/2024

Bursa Malaysia is establishing a new industry working group to help develop a conceptual framework for the new fundraising platform.

Fraud, Scams & Cybercrime

Malaysia SC Fines Fund Consultant for Breaching Securities Laws

By Sanday Chongo Kabange | 06/08/2024

The former Kenanga Investors Berhad consultant misappropriated investor funds and provided falsified statements of accounts.

Anti-Money Laundering

Amendments to MSB Law Take Effect in Malaysia

By Nithya Subramanian | 02/08/2024

The amendments strengthen BNM’s ability to take enforcement action against unauthorised money services business activities.

ESG Data

Malaysia JC3 to Pursue Additional Climate-related Data Initiatives

By Ranamita Chakraborty | 01/08/2024

The Joint Committee on Climate Change will help develop national emissions factors for key industrial sectors and simplify climate-related reporting for businesses.

Market Abuse

Bursa Malaysia Reprimands, Fines Former Kenanga Broker

By Ranamita Chakraborty | 30/07/2024

The former dealer’s representative at Kenanga Investment Bank engaged in manipulative trading practices involving 11 stocks over six months.

Nature & Biodiversity

BCX Completes Auction of First Malaysian Nature-based Carbon Credits

By Jaya Prakash Balakrishnan | 25/07/2024

The carbon credits come from the Kuamut Project, a domestic forest protection and regeneration project on the island of Borneo.

AI Risk & Governance

Malaysia Launches First Skills Framework for Financial Sector

By Jaya Prakash Balakrishnan | 25/07/2024

The framework identifies job roles and skills in high demand as well as career development pathways and capacity building programmes.

Anti-Money Laundering

US Authorities Recover Another $85m in 1MDB Case

By Nithya Subramanian | 24/07/2024

The DOJ secured the recovery of a Swiss financial account along with diamond jewellery and artwork worth a combined $85mn.