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LCH Launches Clearing for Malaysian Non-Deliverable Swaps

April 9, 2025 by FTF News

LCH Launches Clearing for Malaysian Non-Deliverable Swaps

Officials at LCH SwapClear report that they have cleared an inaugural Malaysian Ringgit-denominated non-deliverable interest rate swap instrument (MYR NDIRS), which was launched due to growing demand among clearing members and clients in the Asia-Pacific region. The milestone transaction is “underscored by the early adoption from leading Malaysian and global banks. CIMB and Maybank were… Read More >>

Filed Under: Derivatives Operations, Derivatives Processing, Back Office, Clearing, Middle-Office, Operational Risk, Settlement Tagged With: Asia-Pacific, Asian markets, LCH SwapClear, Malaysia, swaps

Malaysian Bank Taps Broadridge for Securities Finance Services

July 25, 2024 by FTF News

Malaysian Bank Taps Broadridge for Securities Finance Services

AmInvestment Bank, based in Kuala Lumpur, Malaysia, has deployed a securities finance and collateral management platform from Broadridge Financial Solutions to help the firm expand its prime brokerage business lines and boost its value proposition, officials say. The investment banking arm of the Ambank Group, AmInvestment Bank officials say that the single platform allows the… Read More >>

Filed Under: Securities Operations, Affirmation, Allocation & Confirmation, Back Office, Buy-Side, Case Studies, Middle-Office, Operational Risk, Ops Automation, Outsourcing, Industry News Tagged With: automation, back office, collateral margin management, Dodd-Frank, Malaysia, securities lendng, Securities Operations

$1B in Misused 1MDB Funds Returned to Malaysia

August 5, 2021 by FTF News

$1B in Misused 1MDB Funds Returned to Malaysia

Justice Department Sends Back Misappropriated Funds U.S. Justice Department officials report that they have returned “an additional $452 million in misappropriated 1Malaysia Development Berhad (1MDB) funds to the people of Malaysia, bringing the total returned to over $1.2 billion.” The repatriation of the funds from the former 1MDB investment development fund follows a scandal in… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Securities Operations, Buy-Side, Clearing, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Outsourcing, Reconciliation & Exceptions, Risk Management, Settlement, Whistleblower News, Governance, Diversity, Equity, and Inclusion (DEI), Digital Transformation, FinTech Trends, Back-Office, Standards, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News, People Moves Tagged With: 1 Malaysia Development Berhad, 1MDB, automation, back office, Buy-side, clearing, compliance, data management, FlexTrade, Malaysia, operations, RBC, regulatory reporting, SEC, SGX

Goldman Sachs Admits Guilt in Foreign Bribery Case

October 23, 2020 by Eugene Grygo

Goldman Sachs Admits Guilt in Foreign Bribery Case

Goldman Sachs is admitting guilt and paying a fine of $2.9 billion for its role in a scandal that saw officials from the firm bribing Malaysian and Abu Dhabi officials from 2009 to 2014 in order to secure ongoing business for the multinational investment bank. After much negotiation, the firm has begun to resolve the… Read More >>

Filed Under: Operational Risk, General Interest, Governance, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Economic Sanctions, Industry News Tagged With: 1 Malaysia Development Berhad, 1MDB, automation, compliance, Goldman Sachs, Goldman Sachs International, Malaysia, regulation, SEC

DoJ Returns $300M in Fraud Proceeds to Malaysia

April 22, 2020 by Louis Chunovic

DoJ Returns $300M in Fraud Proceeds to Malaysia

The U.S. Department of Justice has returned approximately $300 million to Malaysia, money that was misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in America and several other states, including Switzerland, Singapore and Luxembourg. One person at the center of the money-laundering scandal was Low Taek Jho, aka… Read More >>

Filed Under: Case Studies, Industry News, Operational Risk, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Economic Sanctions, Industry News Tagged With: 1 Malaysia Development Berhad, DOJ, FBI, FCPA, Foreign Corrupt Practices Act (FCPA), Goldman Sachs, Jho Low, Malaysia

Goldman Sachs to Fight Malaysia’s Criminal Charges

December 21, 2018 by Eugene Grygo

Goldman Sachs to Fight Malaysia’s Criminal Charges

Goldman Sachs is vowing to fight new charges stemming from a scandal in Malaysia involving the 1 Malaysia Development Berhad (1MDB) fund that Malaysian government officials were hoping to use toward the development of infrastructure projects. The sprawling case involves authorities beyond the Malaysian government as the U.S. Department of Justice early last month charged… Read More >>

Filed Under: Securities Operations, Industry News, Operational Risk, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: 1 Malaysia Development Berhad, circumventing internal accounting, criminal fines, Goldman Sachs, Jho Low, Low Taek Jho, Malaysia, Ng Chong Hwa, Roger Ng, Tim Leissner

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