Malaysia

Structural Regulation

Malaysia Finalises Requirements for Electronic Trading Platforms

By Editors | 13/11/2019

The new rules went into effect on 11 November and require that electronic trading platforms and networks obtain prior approval from the central bank before offering services in Malaysia.

Conduct, Culture & Accountability

Malaysia Mandates Fair Treatment of Financial Consumers

By Editors | 10/11/2019

A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.

Anti-Money Laundering

Malaysia Proposes Cash Payment Limit to Curb Financial Crime

By Editors | 08/11/2019

The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.

Trading & Investment

Bursa Malaysia Completes SBL Proof-of-Concept Using Blockchain

By Editors | 06/11/2019

The POC was a test of a private-permissioned blockchain-driven solution for securities borrowing and lending that can enhance market discovery, efficiencies and transparency.

PEPs & Sanctions

Malaysian Banks Force Closures of Iran-linked Accounts

By Editors | 02/11/2019

CIMB and Maybank are two of the largest banks forcing closures of accounts belonging to Iranian companies and individuals, amid new sanctions imposed by the US.

Anti-Money Laundering

US Agrees to $700mn Settlement with 1MDB Financier Jho Low

By Manesh Samtani | 31/10/2019

The proposed settlement would resolve civil forfeiture cases tied to Low, but does not release him from other criminal charges. Low gets to keep $15mn to pay his lawyers.

Supervision & Enforcement

Malaysia Passes Bill to Form New Anti-Financial Crime Body

By Editors | 13/10/2019

Expected to launch in January, the National Anti-Financial Crime Centre (NAFCC) will coordinate the efforts of 12 enforcement agencies to tackle financial crime.

Payments & Settlements

Maybank to Enable Real-time Payments for Cambodia, Malaysia

By Editors | 12/10/2019

Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.

Climate Risk

BNM to Require FIs to Report Climate-related Exposures

By Editors | 02/10/2019

Malaysia’s central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.