Malaysia

AML / KYC

Malaysia: Federal Court Upholds Najib Razak Conviction

By Editors | 24/08/2022

Najib was convicted in 2020 on 1MDB-related charges. The federal court upheld the conviction, requiring him to serve a 12 year jail sentence.

AML / KYC

Malaysia to Enhance AML Supervision of Company Secretaries, Trust Companies

By Editors | 23/08/2022

The Companies Commission of Malaysia will “take on greater responsibility” in supervising company secretaries and trust companies “in the near future”.

ESG / Sustainability

Bursa Malaysia Issues Investor Relations Guidance for PLCs

By Editors | 22/08/2022

The new guidebook will help listed companies in their engagement with stakeholders and investor relations, Bursa Malaysia said.

Uncategorised

Bursa Malaysia to Launch VCM Exchange by Year-End

By Editors | 16/08/2022

The exchange said the VCM will encourage investments in high-quality offsetting projects that can generate positive environmental and societal benefits.

Market Infrastructure

Malaysia Reassures Public After Data Breach at Payments Firm

By Editors | 15/08/2022

The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

Securities / Derivatives

Bursa Malaysia Proposes Rules for LEAP-to-ACE Listing Transfers

By Editors | 10/08/2022

The framework will help LEAP Market companies transfer to the ACE Market, which offers a “more robust listing environment” and is open to the public.

BNM Reviewing Appropriateness of Published Statistical Data

By Editors | 09/08/2022

Industry practitioners, academia and the public are asked to complete a survey to help BNM assess public demand for its published data.

Malaysia Unveils Details of New Consumer Credit Act

By Editors | 05/08/2022

A ‘Consumer Credit Oversight Board’ will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.

BNM Consults on New Requirements for Adjusters

By Editors | 03/08/2022

The proposed rules impose ‘fit and proper’ requirements on shareholders and key responsible persons of adjusters.