MalaysiaBank Negara Malaysia and the Companies Commission of Malaysia signed a collaboration agreement to strengthen cooperation with respect to anti-money laundering, counterterrorist financing, and financial sanctions regulation and supervision.
Tan Sri Nor Shamsiah Mohd Yunus, the Governor of the Central Bank of Malaysia, delivered a keynote address at the International Conference on Financial Crime and Terrorism Financing 2022.
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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 |