Malaysia

ESG / Sustainability

Malaysia to Update TCFD Adoption Guide for FIs

By Editors | 17/05/2023

The guide will be updated to take into account the new general sustainability-related (S1) and climate-related (S2) disclosure standards from the ISSB.

Securities / Derivatives

Malaysia SC Commences Review of Capital Markets Law

By Editors | 17/05/2023

The review is part of the SC’s efforts to modernise the law, promote efficiencies, maintain capital market competitiveness, and ensure investors are protected.

ESG / Sustainability

Bursa Malaysia, Mah Sing, Alliance Bank to Collaborate on ESG

By Editors | 12/05/2023

Alliance Bank will offer Mah Sing Group’s suppliers, contractors, and consultants incentives to reward them for improving their carbon footprint.

Fintech / Regtech

Indonesia, Malaysia Expand Cross-Border QR Payment Link

By Editors | 08/05/2023

The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.

AML / KYC

Swiss Prosecutors Indict Ex-PetroSaudi Executives in 1MDB Case

By Editors | 26/04/2023

The two former executives were paid by Jho Low to set up a joint venture that was used to embezzle $1.8bn from 1MDB.

AML / KYC

Malaysia in Talks with China to Secure Jho Low Repatriation

By Editors | 24/04/2023

An arrangement is being “hotly debated” inside the Malaysian government after PM Anwar Ibrahim’s first official trip to China last month.

ESG / Sustainability

Malaysia SC Invites Firms to Review and Improve SRI Taxonomy

By Sanday Chongo Kabange | 21/04/2023

Interested parties are asked to participate in the ongoing development of the SRI Taxonomy and propose ways to align it with the ASEAN Taxonomy.

AML / KYC

BNM, FICG to Co-host AML/CFT Hackathon in June

By Editors | 21/04/2023

The hackathon will be hosted with regional FIU body FICG to “search for creative solutions to curb financial crimes, particularly scams”.

AML / KYC

Malaysia to Re-evaluate Goldman Settlement Over 1MDB

By Editors | 19/04/2023

The government believes the 2020 deal “was done hastily” and could have resulted in more public funds being recovered.