Malaysia

AML / KYC

Malaysia Files Suit Against KPMG Partners Over 1MDB Losses

By Editors | 13/07/2021

The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm’s audits of 1MDB’s financial statements.

AML / KYC

BNM Allows MSBs to Onboard Corporate Customers Remotely

By Sanday Chongo Kabange | 12/07/2021

A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.

Malaysia Provides Six Month Automatic Moratorium to Borrowers

By Sanday Chongo Kabange | 11/07/2021

This is the second time Malaysia has introduced a comprehensive loan moratorium after its debut in March last year.

Fintech / Regtech

Known Applicants for Malaysia Digital Bank Licences

By Ranamita Chakraborty | 11/07/2021

The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.

Securities / Derivatives

SC Malaysia Warns Unlisted Public Companies on Share Offerings

By Editors | 06/07/2021

When offering shares, unlisted public companies need to ensure that the prospective investor they approach is a sophisticated investor.

Securities / Derivatives

Malaysia to Launch Night Trading in Derivatives by Q4

By Editors | 02/07/2021

Night Trading will enhance price discovery, align Malaysia’s derivatives market with global practices, and attract foreign traders.

Crypto / Digital Assets

SC Malaysia Expands Sophisticated Investor Definition

By Editors | 02/07/2021

More investors will be allowed to expand their investment options and issuers will be able to tap into a larger pool of sophisticated investors.

Enforcement

US Judge Orders Goldman, Former Execs to Face 1MDB Lawsuit

By Ranamita Chakraborty | 01/07/2021

A US district court judge said it “strains credulity” for Goldman Sachs to contend it had no indication that funds were being siphoned from 1MDB.

Fintech / Regtech

Malaysia, Thailand Establish Cross-border QR Payment Link

By Manesh Samtani | 21/06/2021

The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.