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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) -- 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.
LABUAN, Nov 27 (Bernama) -- Information sharing, innovation, and technology-driven compliance are the pillars of a robust anti-money laundering (AML) regime and for Labuan International Business and Financial Centre (IBFC) to be a trusted financial market, said Labuan Financial Services Authority (Labuan FSA) director-general Affendi Rashdi.
KUALA LUMPUR, April 30 (Bernama) -- The Labuan International Business and Financial Centre (Labuan IBFC) is strengthening its position as a future-ready financial hub by anchoring its growth agenda on sweeping legal reforms, emerging global trade dynamics, and an enhanced regulatory ecosystem.
KUALA LUMPUR, April 30 (Bernama) -- Today marked the end of Nik Mohamed Din Nik Musa’s tenure as Labuan Financial Services Authority (Labuan FSA) director-general, leaving behind a legacy defined by resilience, regulatory transformation, and strategic recalibration during one of the most difficult chapters in Labuan’s financial history.
KUALA LUMPUR, April 30 (Bernama) -- Labuan Financial Services Authority (Labuan FSA) is setting the tone for 2025 with commitments to regulatory reform, digital innovation, and inclusive economic growth, as outlined in today’s Labuan International Business and Financial Centre’s (Labuan IBFC) Market Report 2024.
KUALA LUMPUR, April 30 (Bernama) -- The Labuan International Business and Financial Centre (Labuan IBFC) recorded robust growth across key sectors in 2024, with developments driven by regulatory adaptability and market innovation.
KUALA LUMPUR, March 20 (Bernama) -- The ASEAN Capital Markets Forum (ACMF) chaired by the Securities Commission Malaysia (SC) this year represents an opportunity to advance regional collaboration and build better connected and resilient capital markets within ASEAN.
LABUAN, Dec 19 (Bernama) -- The passing of four bills under the Ministry of Finance aimed at regulating business activities in the Labuan International Business and Financial Centre (Labuan IBFC) is set to strengthen Malaysia’s standing ahead of the fourth Financial Action Task Force (FATF) evaluation in February 2025.
KUALA LUMPUR, Dec 18 (Bernama) -- The Ministry of Finance (MoF) has found that instances of using cryptocurrency as a medium for money laundering in Malaysia are low.
