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AML / KYC
Malaysia Files 22 Civil Suits to Recover 1MDB Losses
By Manesh Samtani | 11/05/2021
Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.
Securities / Derivatives
Malaysia to Allow Circuit Breaker to Revert to Original Parameters
By Editors | 10/05/2021
The decision reflects the improving economic outlook, the roll-out of the vaccination programme, and the normalisation of global market conditions.
ESG / Sustainability
BNM Finalises ‘Climate Change and Principle-based Taxonomy’
By Manesh Samtani | 03/05/2021
The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.
ESG / Sustainability
Malaysia SC Publishes Updated Corporate Governance Code
By Editors | 29/04/2021
The update focuses on selection and nomination processes for directors, including to address issues with board diversity and sustainability.
Enforcement
Malaysian Court Orders Restitution for 2009 Investment Scheme
By Editors | 10/04/2021
The Securities Commission had filed a civil suit against RBTR Asset Management and five others in 2009 for misleading investors.
Crypto / Digital Assets
BNM to Explore Benefits of CBDC Issuance Through PoCs
By Sanday Chongo Kabange | 07/04/2021
BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.
Enforcement
Malaysia Regulators Investigate Investment Scam Syndicate
By Editors | 01/04/2021
The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.
Market Infrastructure
BNM Shariah Advisory Council Rules RFRs Permissible
By Editors | 29/03/2021
The ruling was made based on the justification that the compounding methodology is “merely an arithmetic method” and does not affect compliance with Shariah requirements.
Enforcement
Malaysia SC Probes Share Disposals by AmBank Execs
By Sanday Chongo Kabange | 23/03/2021
Seven executives sold a combined MYR 1.63 million in shares on the same two days in December, just two months ahead of AmBank’s 1MDB settlement.
Securities / Derivatives
Malaysia Grants Fee Waivers, Rebates on Listing Related Fees
By Editors | 21/03/2021
Processing fees, prospectus registration fees, initial fees and annual listing fees will be provided to companies seeking a listing, while companies already listed can receive rebates.
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