Malaysia

Fraud, Scams & Cybercrime

BNM Directs Banks to Enhance Fraud Risk Controls

By Editors | 12/06/2022

BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.

Cloud & Infrastructure

BNM Issues Draft Guidance on Managing Cloud Risks

By Sanday Chongo Kabange | 05/06/2022

The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.

Fraud, Scams & Cybercrime

Malaysia SC Offers Guidance on Detecting Fake Investment Firms

By Editors | 01/06/2022

In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.

Sustainable Finance

Bursa Malaysia Advances Work on Voluntary Carbon Market

By Editors | 30/05/2022

Bursa Malaysia has signed an MOU with non-profit organisation Verra, which manages the world’s largest GHG crediting programme.

Structural Regulation

Malaysia SC, Labuan FSA to Enhance Supervisory Cooperation

By Editors | 24/05/2022

The MOU will enable the SC and FSA to strengthen collaboration in areas such as risk monitoring and promote capital market stability.

Sustainable Finance

Bursa Malaysia, CIMB Collaborate to Drive ESG Adoption

By Editors | 16/05/2022

CIMB becomes the fourth bank overall, and first home-grown bank, to collaborate with Bursa Malaysia on its #financing4ESG initiative.

Conduct, Culture & Accountability

BNM Proposes Rules for Hiring Insurance, Takaful Agents

By Editors | 30/04/2022

Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent’s current and former employers.

Structural Regulation

BNM Awards Digital Bank Licences to Five Applicants

By Editors | 29/04/2022

The licence winners include Axiata’s Boost Holdings, RHB Bank, Grab-Singtel’s GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.

Conduct, Culture & Accountability

BNM Finalises Conduct Requirements for Financial Advisers

By Ranamita Chakraborty | 29/04/2022

Advisers will have to provide customers with suitable product options from at least three different providers for each class of insurance or takaful business being recommended.