Malaysia

AML / KYC

US Celebrities Received 1MDB Funds Worth $2.43m – Reports

By Nithya Subramanian | 10/09/2024

A Malaysian court heard that fugitive Jho Low transferred 1MDB money to Kim Kardashian and Pharrell Williams but the reasons are unknown.

ESG / Sustainability

Bursa Malaysia, MyDIGITAL to Drive ESG via Digital Solutions

By Nithya Subramanian | 10/09/2024

The collaboration will support companies in leveraging digitalisation to improve operational efficiency and overall sustainability performance.

ESG / Sustainability

Bursa Malaysia Receives SBTi Validation for Net Zero Targets

By Editors | 04/09/2024

Bursa Malaysia is the first exchange in Asia to have SBTi validation for both its near- and long-term emission reduction targets.

Securities / Derivatives

Tokyo Bourse Secures New Partners for ‘TSE Asia Startup Hub’

By Nithya Subramanian | 03/09/2024

Malaysia’s VentureTECH is among the firms participating in the TSE initiative, which seeks to attract IPOs from across the region.

Securities / Derivatives

Malaysia to Require PLCs to Hold Hybrid or Physical AGMs

By Nithya Subramanian | 02/09/2024

The SC and Bursa Malaysia said more than 50% of PLCs are still holding fully virtual AGMs even after the end of the pandemic.

Enforcement

Malaysia’s EPF Seeks Travel Restrictions on 635 Company Directors

By Nithya Subramanian | 02/09/2024

The directors will be prohibited from leaving Malaysia due to failure to pay the required contributions to their employees’ EPF accounts.

AML / KYC

Swiss Court Sentences Two to Jail for Defrauding 1MDB

By Manesh Samtani | 29/08/2024

Two executives of an oil exploration company known as PetroSaudi were sentenced for defrauding 1MDB out of more than $1.8bn.

Enforcement

SC Malaysia Fines Grant Thornton and Audit Partner

By Nithya Subramanian | 28/08/2024

The Audit Oversight Board found a Grant Thornton audit partner was involved in the audit of a PIE for more than seven years.

Enforcement

BNM Fines Bank of China’s Malaysia Unit for Outsourcing Violations

By Nithya Subramanian | 26/08/2024

BNM said the bank did not obtain prior approval before relocating core banking systems to new data centres.