Reliable national and regional news coverage.
The Inland Revenue Board faces calls to examine potential tax irregularities within Tabung Haji and its subsidiaries as the Royal Commission of Inquiry's findings spark fresh scrutiny of the pilgrimage fund's financial dealings.
%22%2F%3E%3C%2Fpattern%3E%3C%2Fdefs%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph299x5g)%22%2F%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph299x5p)%22%2F%3E%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20text-anchor%3D%22middle%22%20dominant-baseline%3D%22central%22%20fill%3D%22rgba(255%2C255%2C255%2C0.95)%22%20font-family%3D%22Georgia%2C%20'Times%20New%20Roman'%2C%20serif%22%20font-weight%3D%22700%22%20font-size%3D%22194%22%20letter-spacing%3D%22-0.02em%22%3EDigital%3C%2Ftext%3E%3C%2Fsvg%3E)
Malaysia's financial regulator is pushing banks and institutions toward smarter, technology-enabled compliance frameworks to counter rapidly evolving digital financial crimes that now transcend traditional boundaries.
Bank Negara Malaysia should evolve its supervisory framework from prescriptive rule-making to collaborative engagement with the financial industry, according to former deputy governor Datuk Ooi Sang Kuang, speaking at the Sasana Symposium 2026.
Bank Negara Malaysia will implement a more rigorous Performance Measurement Framework for six development financial institutions from July 2027, evaluating their success in achieving development mandates and creating measurable impact across priority sectors.
Prime Minister Anwar Ibrahim has highlighted how major audit firms failed to detect eFishery's fraudulent activities despite approving KWAP's RM163.4 million investment, exposing systemic vulnerabilities in Malaysia's audit framework.
The Asian Institute of Chartered Bankers has called for Malaysia's banking sector to prioritise responsible AI governance and implementation rather than rapid adoption alone, with only 25% of bankers trusting AI outputs for critical decisions.
Australia's corporate regulator ASIC has initiated a sweeping review of audit conduct complaints filed against the Big Four accounting firms, intensifying scrutiny following serious misconduct allegations against KPMG involving misuse of confidential client information.
%22%2F%3E%3C%2Fpattern%3E%3C%2Fdefs%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph248ubg)%22%2F%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph248ubp)%22%2F%3E%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20text-anchor%3D%22middle%22%20dominant-baseline%3D%22central%22%20fill%3D%22rgba(255%2C255%2C255%2C0.95)%22%20font-family%3D%22Georgia%2C%20'Times%20New%20Roman'%2C%20serif%22%20font-weight%3D%22700%22%20font-size%3D%22194%22%20letter-spacing%3D%22-0.02em%22%3EBritish%3C%2Ftext%3E%3C%2Fsvg%3E)
Nearly 1,700 British investors have launched a High Court action against cryptocurrency exchange Binance, seeking £150 million in compensation for losses sustained through allegedly illegal promotion of unregulated financial products between 2019 and 2020.
QEW has denied fraud allegations tied to a RM20.45 million investment scheme, asserting that 111 litigating investors understood the inherent risks involved before committing their capital.