All Articles

The Malaysian government is preparing new legislation aimed at curbing illegal gambling, with plans to grant expanded enforcement powers to police in response to growing concerns over both online and land-based betting activities.   Deputy Prime Minister Fadillah Yusof confirmed that authorities are currently drafting the proposed law and intend to present it during the upcoming parliamentary session.   “At the federal level, the government is drafting a law to address illega

Bank Negara Malaysia has imposed administrative monetary penalties and compounds amounting to USD 273,614 on four separate entities for breaching statutory requirements related to the reporting of suspicious financial transactions. The enforcement actions involve MBSB Bank Berhad, Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), Boardroom Corporate Services Sdn Bhd, and Ilham Secretarial Services, all of which were found to have fallen short in identifying

Malaysia has significantly strengthened its anti-money laundering framework, particularly in its legal structures and supervisory mechanisms, marking a crucial development since the country’s 2015 mutual evaluation. Assessments by the Financial Action Task Force (FATF) and the Asia/Pacific Group on Money Laundering (APG) noted that while Malaysia has the capacity to manage complex, high-profile cases, persistent challenges remain in successfully prosecuting money laundering c