MalaysiaThe Malaysian central bank, Bank Negara Malaysia, published its Financial Sector Blueprint for 2022 to 2026, covering the regulator’s strategy with regard to digitalization and boosting regulatory compliance to counter emerging threats.
Bank Negara Malaysia announced plans to host a financial technology-focused conference to discuss emerging technologies and changes to the financial landscape.
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The Bank Negara Malaysia, along with several Malaysian regulators, ordered the seizure of assets belonging to the Malaysia-based financial technology company and its affiliates for overseeing various suspicious transactions.
The Malaysia Ministry of Finance announced an agreement with a subsidiary of the London, U.K.-based firm to resolve claims related to the auditing of accounts for 1Malaysia Development Berhad and SRC International Sdn Bhd between 2011 and 2014.
| Technical | Effectiveness |
|---|---|
| Compliant : 20 | High : 0 |
| Largely Compliant : 18 | Substantial : 4 |
| Partially Compliant : 2 | Moderate : 7 |
| Non-Compliant : 0 | Low : 0 |
Malaysia's technical compliance was re-rated in a Oct. 31, 2018 follow-up report
| Rank : 66/110 |
| Score : 5.47/10 |
| Rank : 57/179 |
| Score : 51/100 |
| Rank : 32/133 |
| Score : 70/100 |