The Bank Negara Malaysia, the central bank of Malaysia, adopted a new policy document on licensing framework for digital banks, following a six-month public consultation.
Malaysia’s Labuan International Business and Financial Centre issued a press release, highlighting its move to digitalization in the financial sector.
In our final installment for 2020, the moneylaundering.com legal team revisits our coverage over the past year.
Prevezon Holdings suspected of handling larger volume of illicit funds, Crown Resorts loses license, and more, in the midweek roundup.
The Ministry of Finance Malaysia entered into a settlement with Goldman Sachs requiring the investment banking company to pay $3.9 billion to resolve outstanding charges and claims related to three bond transactions it structured and arranged with 1Malaysia Development Berhad.
|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 : 65/141|
|Score : 5.25/10|
|Rank : 51/1780|
|Score : 53/100|
|Rank : 32/133|
|Score : 70/100|