Bank Negara Malaysia (BNM) operates as a central bank focusing on the monetary and financial stability of the country's economy. Its main services include managing the country's monetary policy and financial institutions for sustainable economic growth. It was founded in 1959 and is based in Kual...
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have announced the commercial launch of Indonesia – Malaysia cross-border QR payment linkage for instant retail payments. partnership, product launch, QR code, QR payments, DuitNow QR, QRIS, cross-border payments, instant payments, merchants, ...
On the regulatory front, Malaysia Central Bank Negara has passed the policy for Risk Management in Technology effective on 1 Jan 2020, which all Malaysia-based Financial Institutions (FIs) including AmBank has to adhere. The guideline aims to address the increasing threat of cyber-attacks by for...
Cryptocurrency exchanges in Malaysia must now fully identify traders after new central bank anti-money laundering legislation came into effect Tuesday, Feb. 27. A copy of the legislation and official press release from the Bank Negara Malaysia (BNM) states that any exchanges offering crypto-to-...
The Bank has also obtained Bank Negara Malaysia's approval to have two (2) executive Directors on the Board notwithstanding that paragraph 2.27 of the Revised BNM/GP1 stipulated that the executive director on the board should not be more than one. The concept of independence adopted by the ...
centres, including South Korea, Hong Kong, Taiwan, and Singapore, have either issued or plan to award new licences for digital banks. Malaysia is next: Bank Negara Malaysia (BNM), the central bank, is currently seeking industry comments on a proposed framework for digital-bank licence ...
(e) Anti-Money Laundering and Counter Financing of Terrorism ('AML/CFT') Committee The objective of the AML/CFT Committee is to ensure the proper development, monitoring, compliance and avoid of all forms of Money Laundering and Terrorism Financing activities in the Bank, as well as to ensure...
Since 1 July 1994, the Bank has been licensed by the Minister of Finance Malaysia as a licensed financial institution to engage in banking business in Malaysia. As a Malaysia-incorporated financial institution, the Bank's corporate governance practice have to comply with Bank Negara Malaysia's (...
The project Dunbar [41] is the collaborative work by the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank with the Bank for International Settlements Innovation Hub. Project Dunbar’s objective is to develop prototype shared pl...