Malaysia

AML / KYC

Ex Coutts Banker Fined Over $700m 1MDB Transfer

By Editors | 03/08/2020

The former Coutts & Co banker approved a $700mn transfer request from Jho Low, the alleged mastermind behind the 1MDB scandal, despite repeated red flags.

Market Infrastructure

SC Orders Bursa Malaysia to Conduct Full Systems Review

By Sanday Chongo Kabange | 02/08/2020

The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.

Securities / Derivatives

Bursa Malaysia to Introduce New Derivatives Products

By Editors | 31/07/2020

The derivatives products to be launched this year include new single stock futures, a revamped index futures contract, and ETFs linked to sectoral indices.

Fintech / Regtech

Malaysia to Experiment with Tokenised Bonds in Offshore Market

By Manesh Samtani | 31/07/2020

Bursa Malaysia has partnered with Singapore fintech Hashstacs to develop a blockchain solution for the issuance, servicing, trading, clearing and settlement of bonds.

Securities / Derivatives

Malaysia Issues Director Conduct Guidelines for Listed Issuers

By Editors | 30/07/2020

The guidelines set out the obligations of directors of listed companies and their subsidiaries, and requirements for the establishment of group-wide frameworks.

BNM: Banks Agree on Flexible Approach to Loan Repayments

By Editors | 29/07/2020

As the blanket loan moratorium announced in March is due to end, banks have agreed to provide borrowers various repayment flexibilities depending on their specific circumstances.

AML / KYC

Court Convicts Former Malaysian PM in 1MDB-linked Corruption Trial

By Editors | 28/07/2020

Najib Razak was found guilty of three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power.

AML / KYC

HSBC Launches 24/7 Digital Account Opening in Malaysia

By Editors | 28/07/2020

The new account opening service is aimed at minimising physical contact in compliance with new social distancing norms due to the Covid-19 pandemic.

Securities / Derivatives

Malaysia Proposes to Allow Lower Public Holding of Large Caps Stocks

By Sanday Chongo Kabange | 27/07/2020

Proposed listing rule amendments will allow some large listed issuers to have a public holding spread as low as 15%, compared to the current 25% minimum.