Malaysia

Alternative Markets

Malaysia to Introduce ‘Golden Pass’ for Venture Capital Firms

By Mark Johnston | 24/04/2024

The Golden Pass will reduce VC registration time from 6 to 2 weeks. The employment pass vetting process is also being enhanced.

Credit Risk

Malaysia to Regulate BNPL Under New Consumer Credit Act

By Sanday Chongo Kabange | 23/04/2024

The government and regulators are reportedly formulating a new Consumer Credit Act that will capture non-bank entities including BNPL providers.

Sustainable Finance

Bursa Carbon Exchange to Offer Renewable Energy Certificates

By Sanday Chongo Kabange | 18/04/2024

BCX will hold its inaugural REC auction in June 2024. The RECs will be supplied by state owned power utility Sarawak Energy.

Sustainable Finance

Bursa Malaysia Gains UK Boost for Sustainable Investments

By Nithya Subramanian | 17/04/2024

Bursa Malaysia will collaborate with the UK’s MOBILIST programme to enable greater investment in energy transition.

KYC & CDD

BNM Finalises Policy Requirements for Electronic KYC

By Mark Johnston | 17/04/2024

The policy document sets revised requirements and guidance for implementing e-KYC solutions in Malaysia’s financial sector.

Operational Risk

BNM Directs CIMB, Maybank to Explain Recent Service Outages

By Editors | 10/04/2024

CIMB Malaysia experienced service disruptions on some of its services on Tuesday, while Maybank saw some disruptions last Friday.

Anti-Money Laundering

Malaysia Consults on Proposed Trust Companies Bill

By Editors | 09/04/2024

Since coming into force in 1949, Malaysia’s Trust Companies Act has only been reviewed once in 1973.

Sustainable Finance

Malaysia Launches Toolkit for Scaling Transition Finance

By Nithya Subramanian | 08/04/2024

The toolkit is intended to help corporates build credible science-based climate transition plans that are aligned to the Paris Agreement or respective national targets.

KYC & CDD

Malaysia Launches Electronic Beneficial Ownership System

By Editors | 02/04/2024

The system is intended to help companies comply with their obligations to identify, obtain, record, update, and submit beneficial ownership information.