Malaysia

    Enforcement

    Bursa Malaysia Suspends Prop Trader For Order Book Manipulation

    By Sanday Chongo Kabange | 10/09/2020

    The trader placed buy orders at multiple price levels to induce other participants into the market and facilitate his own disposal of the shares at higher prices.

    AML / KYC

    US Recovers $60m in 1MDB Funds from Najib Razak’s Stepson

    By Editors | 06/09/2020

    The assets recovered include luxury real estate in Beverly Hills, New York and London, a Kentucky maintenance company, and a 1927 promo poster for the film “Metropolis”.

    AML / KYC

    BNM Issues Guidance Documents on AML/CFT Obligations

    By Editors | 02/09/2020

    Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.

    Crypto / Digital Assets

    Malaysia, Indonesia Regulators Sign Fintech Cooperation Pact

    By Sanday Chongo Kabange | 24/08/2020

    The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.

    Malaysia Bolsters Debt Resolution Support for SMEs

    By Editors | 19/08/2020

    From 1 September, SMEs can seek debt restructuring services, financial education and advisory from the Credit Counselling and Debt Management Agency, known as the AKPK.

    ESG / Sustainability

    Bursa Malaysia Publishes ESG Scores of Publicly Listed Companies

    By Editors | 16/08/2020

    The availability of ESG ratings will help investors and allow listed companies to benchmark themselves against their peers in terms ESG performance, Bursa Malaysia says.

    Securities / Derivatives

    Bursa Malaysia Amends Listing Rules to Protect Shareholders

    By Editors | 13/08/2020

    Disclosures requirements applicable to new issues are enhanced, director independence is strengthened, and transparency on loans linked to controlling shareholders is improved.

    Securities / Derivatives

    Malaysia SC Increases Gearing Limit for M-REITs

    By Editors | 12/08/2020

    The increase is temporary to provide Malaysian REITs greater flexibility to manage cash flows and debt and capital structures more efficiently.

    Market Infrastructure

    Malaysia Works to Enable Real-time Cross-border Payments

    By Editors | 10/08/2020

    A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.

    AML / KYC

    Malaysia Jails Eight Over Illegal Deposit-taking Scheme

    By Editors | 05/08/2020

    Eight individuals were sentenced to between three and nine years’ jail. Total fines issued, including against three companies, amount to $310mn.

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