Bank Negara Malaysia
Bank Negara Malaysia (BNM) is the central bank of Malaysia. Its main purpose is to issue currency, act as banker and adviser to the government of Malaysia and regulate the country's financial institutions, credit system and monetary policy.
HSBC Malaysia penalized $690,000 for customer screening non-compliance
HSBC Malaysia penalized $690,000 for customer screening non-compliance
Customers were reportedly onboarded without proper sanctions screening.
2 days ago
Malaysia fines two banks for non-compliance with AML/ CFT requirements
BPMB reportedly did not properly screen existing customers for risk.
2 days ago
Malaysia fines two money services firms for non-compliances
Merchantrade and JAGS were penalized for non-compliance with the Money Services Business Act 2011.
Malaysia and Thailand to strengthen joint efforts in cybersecurity
They aim to enable more effective information sharing and capacity building.
Malaysia’s central bank appoints new deputy governor for supervision and regulation
BNM also announced a new technical adviser and an assistant governor.
Indonesia, Thailand, Malaysia harmonise local currency transaction framework
Portfolio investments are now part of the eligible cross-border transactions.
Malaysia unveils centralized dispute centre for financial matters
The central bank has also raised the monetary limit for eligible disputes to MYR250,000.
Malaysian private sector loans rose by 5.4% in Nov
Corporate bonds grew whilst business loan growth was unchanged.
Concerns over Teh Family's Public Bank stake sale “overdone”: analyst
The estate will dispose of a 13% stake in the Malaysian bank.
BIS, central banks embed regulatory compliance in cross-border payments
Project Mandala has now reached proof of concept stage.
Malaysia invests $906.67m to enhance MSME lending, Islamic finance
It also mulls establishing the Consumer Credit Commission.
Malaysian central bank warns against three unauthorized financial entities
One of them is a potential clone entity.
BNM proposes roadmap for transition to the Malaysia Overnight Rate
It proposed ceasing the usage of KLIBOR by 2027 and 2028.
Malaysia, Indonesia renew bilateral swap agreement.
The agreement has been extended for another 5 years.
Malaysia, Cambodia launch cross-border QR payment linkage
The initiative’s first phase has concluded as of 19 September.
Malaysia, UK tout Islamic finance to bridge green funding gap
Islamic finance’s framework naturally aligns with social finance, an official said.
Malaysia's private loans grew 5.5% in July
Growth of working capital loans drove up the number of business loans.
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1. Deutsche Bank partners with finaXai on token fund servicing 2. HSBC cuts dozens of analyst jobs in investment banking overhaul: report 3. Malaysia fines Maybank Islamic for info submission lapses 4. HSBC Malaysia penalized $690,000 for customer screening non-compliance 5. OCBC names Elaine Heng as head of global commercial bankingResource Center
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