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Malaysia Records 15-Fold Rise In Asset Recovery To RM37.63 Bln - Report
KUALA LUMPUR, Dec 11 (Bernama) -- Global financial crime watchdog Financial Action Task Force and Asia/Pacific Group on Money Laundering said Malaysia has recorded significant asset recovery through clear emphasis at policy and operational levels, resulting in a 15-fold increase since the 2015 mutual evaluation report, totalling RM37.63 billion in assets.
Upgrade Of Malaysia's Illicit Finance Rating Reflects Whole-Of-Nation Effort -- BNM Governor
KUALA LUMPUR, Dec 11 (Bernama) -- The Financial Action Task Force’s move to upgrade Malaysia’s status to “Regular Follow-Up” status, the highest category under the mutual evaluation process, reflects a whole-of-nation commitment and efforts, Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour said today.
Watchdog Upgrades Malaysia’s Illicit Finance Rating, Urges More Laundering Prosecutions
KUALA LUMPUR, Dec 11 (Bernama) -- Global financial crime watchdog, the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) in a report published today, revealed that Malaysia has further strengthened its defences against illicit finance since 2015, notably by enhancing its legal framework and supervision of financial and non-financial sectors.
Abu Dhabi Launches FIDA Cluster To Drive Future Finance
KUALA LUMPUR, Dec 11 (Bernama) -- Abu Dhabi has unveiled the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, a major new initiative aimed at accelerating next-generation financial innovation and strengthening the emirate’s role as a global capital hub.
Palm Oil Sector Well-positioned To Participate In Carbon Market -- Johari
KUALA LUMPUR, Dec 11 (Bernama) -- Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani said the palm oil sector is well-positioned to participate in the carbon market, having already embedded sustainability and circular-economy practices across its value chain.
FMM Welcomes Govt’s Decision To Remove Penalty Clause In Employment Insurance System Amendment Bill
KUALA LUMPUR, Dec 11 (Bernama) -- The Federation of Malaysian Manufacturing (FMM) welcomed the government’s decision to remove the financial penalty clause from the Employment Insurance System (EIS) Amendment Bill 2025.
Malaysia’s Digital Banking Sector Paves Way For 2025 Growth, Positive Crypto Outlook
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Dec 11 (Bernama) -- The full rollout of all five licensed digital banks in 2025 has reshaped Malaysia’s digital finance landscape, signalling a decisive shift toward a more inclusive and technology-enabled financial ecosystem.
SEDA Identifies Solar, Hydro, Bioenergy As Key Drivers Of Perak’s Energy Transition
IPOH, Dec 10 (Bernama) -- Perak has already established a substantial renewable energy (RE) base and possesses clear potential for further expansion, said Sustainable Energy Development Authority (SEDA) chief executive officer Datuk Hamzah Hussin.
Malaysia, Russia Explore Cooperation Under National Atomic Energy Programme
KUALA LUMPUR, Dec 10 (Bernama) -- Malaysia and Russia are exploring new avenues of cooperation in the peaceful use of nuclear energy as Putrajaya finalises its National Atomic Energy Programme.
Labuan FSA Issus Maqasid Al-shariah Guidance Note For Labuan IBFC
LABUAN, Dec 10 (Bernama) -- Labuan Financial Services Authority (Labuan FSA) has issued a Guidance Note on Maqasid al-Shariah for the Labuan International Business and Financial Centre (Labuan IBFC).
Govt Optimistic To Achieve 4.8 Pct Economic Growth Target For 2025 - Amir Hamzah
KUALA LUMPUR, Dec 10 (Bernama) -- The government is confident that the country’s economic growth will reach the upper end of its targeted range, namely 4.8 per cent for 2025.