Malaysia

Anti-Money Laundering

Singapore Says Jho Low Red Notice Remains in Effect

By Nithya Subramanian | 22/07/2024

Jho Low’s civil settlement with the US DOJ has “no bearing” on criminal investigations against him and his associates in Singapore.

Trading & Investment

SC Malaysia Tightens Rules for Financial Influencers

By Nithya Subramanian | 19/07/2024

Finfluencers who promote capital market products to their followers for commissions or rewards would require a licence.

Reporting & Disclosures

ASEAN Exchanges to Pursue Four POCs to Improve Competitiveness

By Nithya Subramanian | 17/07/2024

The POCs focus on developing common data infrastructure, enhancing capacity building, and creating a marketplace for transition financing and ESG investment.

Sustainable Finance

Bursa Malaysia and Pribumi Launch World’s First Zakat Index

By Nithya Subramanian | 16/07/2024

The PBMZI aims to recognise public-listed companies adopting corporate zakat practices, integrating Islamic financial principles with ESG and SRI elements.

PEPs & Sanctions

EU Seeking to Prevent Sanctions Evasion via Vietnam, Malaysia

By Editors | 15/07/2024

EU sanctions envoy David O’Sullivan said China is a “growing problem” as a circumvention hub, but Vietnam and Malaysia are among the next priorities.

Market Abuse

SC Malaysia Sues Former Nicorp CEO for Insider Trading

By Nithya Subramanian | 11/07/2024

The SC is seeking disgorgement and civil penalty of MYR26.44 million. Additionally, it wants to bar Chan from taking up management positions for five years.

Structural Regulation

BNM Finalises Licensing Framework for Digital Insurers

By Editors | 09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

Fraud, Scams & Cybercrime

SC Malaysia Issues Warning on Pre-IPO Investment Scams

By Nithya Subramanian | 05/07/2024

These scams primarily revolve around private placement offerings, often coinciding with upcoming IPO listings announced on the Bursa Malaysia website.

Payments & Settlements

Project Nexus Completes Blueprint; Prepares for Live Implementation

By Nithya Subramanian | 02/07/2024

To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.