Malaysia

AML / KYC

Malaysia Advances Bill to Amend Trustee Act for AML/CFT

By Editors | 17/12/2024

The amendments will impose AML/CFT obligations on trustees, including requirements to maintain records on beneficial ownership.

ESG / Sustainability

Malaysia: BCX Starts Trading Gold Standard Carbon Credits

By Editors | 13/12/2024

Bursa Malaysia said the milestone follows the signing of an MoU with Gold Standard at COP28 in Dubai last year.

ESG / Sustainability

Bursa Malaysia Lists World’s First ETF With Waqf Feature

By Editors | 13/12/2024

The listing comes after Bursa Malaysia enhanced its listing requirements in March last year to facilitate listings of ETFs with Waqf features.

Securities / Derivatives

Bursa Malaysia JV Opens Secondary Market for Debt Fundraising Platform

By Editors | 10/12/2024

The debt fundraising platform was launched in December 2023. Offering a secondary market aims to provide flexibility and liquidity to investors.

Enforcement

Fugitive Singaporean Tycoon Nabbed After Absconding for 19 Years

By Nithya Subramanian | 04/12/2024

The tycoon and his wife were arrested in Malaysia after allegedly embezzling over $51mn and fleeing Singapore in 2005.

AML / KYC

Malaysia Proposes Stricter Laws to Target Harm from Online Content

By Nithya Subramanian | 04/12/2024

The proposed amendments aim to curb objectionable online content to curb scams, online gambling, bullying and pornography.

BNM Revises Financial Product Transparency and Disclosure Rules

By Nithya Subramanian | 04/12/2024

Updated policy document aims to empower financial consumers with clearer, more accessible information, and address digital disclosure challenges.

AML / KYC

Malaysian Court Drops Corruption Charges Linked to 1MDB: Report

By Nithya Subramanian | 02/12/2024

The court granted an acquittal to Najib Razak and another former official due to procedural delays and the prosecution’s failure to provide crucial documents.

Enforcement

Malaysia: Court of Appeal Upholds SC’s Case Related to Insider Trading

By Nithya Subramanian | 29/11/2024

The former deputy chairman of a listed company was ordered to pay MYR 3.28 million in disgorgement and a MYR 1 million civil penalty.