KUALA LUMPUR, May 4 (Bernama) -- A company secretary has been fined RM50,000 for anti-money laundering violations and for providing false information to the Registrar of Companies.
KUALA LUMPUR, April 28 (Bernama) -- Labuan Financial Services Authority (Labuan FSA) will focus on intensifying market development and innovation in digital finance, Islamic finance and insurance as Labuan International Business and Financial Centre (Labuan IBFC) navigates a more challenging external environment in 2026.
KUALA LUMPUR, April 25 (Bernama) -- Garment retailer Padini Holdings Bhd has commenced an internal review to assess the circumstances surrounding the freezing of certain identified bank accounts belonging to the company and its subsidiaries by the Malaysian Anti-Corruption Commission (MACC).
KUALA LUMPUR, April 24 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) has frozen certain bank accounts of Padini Holdings Bhd and its subsidiaries in connection with an ongoing investigation.
KUALA LUMPUR, March 31 (Bernama) -- Malaysia’s financial system remained resilient in 2025, supported by a prudent and robust regulatory environment, said Bank Negara Malaysia (BNM).
KUALA LUMPUR, March 26 (Bernama) -- Jumio, a provider of artificial intelligence (AI)-powered identity intelligence anchored in biometric authentication, automation, and data-driven insights, has successfully completed the Independent electronic Know Your Customer (eKYC) Breakthrough Assessment required by Bank Negara Malaysia (BNM) with zero findings.
LABUAN, Jan 9 (Bernama) -- Malaysia’s recent recognition by the Financial Action Task Force (FATF) under the ‘Regular Follow-Up’ status for the Mutual Evaluation Report 2025 (MER 2025) has underscored international confidence in the country’s robust, risk-based framework for anti-money laundering, counter-terrorism financing and counter-proliferation financing (AML/CFT/CPF).
KUALA LUMPUR, Dec 11 (Bernama) -- Malaysia has a comprehensive legal and regulatory framework for targeted financial sanctions (TFS) related to proliferation financing (PF) pursuant to the United Nations Security Council Resolution (UNSCR) and its successor resolutions.
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.
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.
KUALA LUMPUR, Dec 11 (Bernama) -- The complex money laundering investigations related to 1Malaysia Development Bhd (1MDB) are a significant achievement and demonstrate enhanced coordination between various law enforcement agencies (LEAs), Bank Negara Malaysia (BNM), the Financial Intelligence Unit (FIU) and the Attorney General’s Chambers (AGC).
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.
