Malaysia

AML / KYC

US DOJ Repatriates $460m of Seized 1MDB Funds to Malaysia

By Editors | 16/05/2021

Seized and repatriated 1MDB funds are being utilised to repay and service 1MDB and SRC’s debts, which remain above $10.2billion.

AML / KYC

Malaysia Files 22 Civil Suits to Recover 1MDB Losses

By Manesh Samtani | 11/05/2021

Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.

Securities / Derivatives

Malaysia to Allow Circuit Breaker to Revert to Original Parameters

By Editors | 10/05/2021

The decision reflects the improving economic outlook, the roll-out of the vaccination programme, and the normalisation of global market conditions.

ESG / Sustainability

BNM Finalises ‘Climate Change and Principle-based Taxonomy’

By Manesh Samtani | 03/05/2021

The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.

ESG / Sustainability

Malaysia SC Publishes Updated Corporate Governance Code

By Editors | 29/04/2021

The update focuses on selection and nomination processes for directors, including to address issues with board diversity and sustainability.

Enforcement

Malaysian Court Orders Restitution for 2009 Investment Scheme

By Editors | 10/04/2021

The Securities Commission had filed a civil suit against RBTR Asset Management and five others in 2009 for misleading investors.

Crypto / Digital Assets

BNM to Explore Benefits of CBDC Issuance Through PoCs

By Sanday Chongo Kabange | 07/04/2021

BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.

Enforcement

Malaysia Regulators Investigate Investment Scam Syndicate

By Editors | 01/04/2021

The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.

Market Infrastructure

BNM Shariah Advisory Council Rules RFRs Permissible

By Editors | 29/03/2021

The ruling was made based on the justification that the compounding methodology is “merely an arithmetic method” and does not affect compliance with Shariah requirements.