BAFIA MALAYSIA PDF

Malaysia operates a dual banking system, namely a conventional banking system operating in tandem with an Islamic banking system. Islamic. The Central Bank of Malaysia is the Malaysian central bank. Established on 26 January as Central Bank of Malaya (Bank Negara Tanah Melayu), its main . A banker’s duty of secrecy in Malaysia is statutory as it is clearly provided Act (“BAFIA”) (currently replaced by section (1) of the FSA.

Author: Arashitilar Arashizil
Country: Syria
Language: English (Spanish)
Genre: Personal Growth
Published (Last): 22 September 2008
Pages: 446
PDF File Size: 7.31 Mb
ePub File Size: 17.10 Mb
ISBN: 868-2-30018-975-5
Downloads: 35675
Price: Free* [*Free Regsitration Required]
Uploader: Nikozilkree

Issuing or facilitating a person to issue an advertisement in relation to making such illegal deposit is also prohibited. Be bafua to the board’s active oversight to ensure that the system operates as intended. Commercial, investment, Islamic and Islamic banks licensees other than licensed international Islamic banks must pay an annual fee of RM, under the Financial Services Fees Regulations and malaysi Islamic Financial Services Fees Regulationsrespectively.

Interest in shares includes direct and effective interest under Schedule 3 of the FSA.

Bank Negara Malaysia

Real Estate and Construction. Under section 4 of the FSA, any person who is found guilty of breaching his duty of secrecy to a customer, shall be liable to imprisonment for a term not exceeding 5 years or to a fine not exceeding RM10 million or both. Regulates and supervises financial institutions which are subject to the laws enforced by it see above, Lead bank regulators. What approval requirements apply mapaysia the acquisition of shareholdings and of control of banks?

  ASUS P8P67 DELUXE MANUAL PDF

Be in line with the business and risk strategies, corporate values and long-term interests of the financial institution. Is also the sole authority for issuing currency as well as managing the country’s international reserves. The Court allowed the civil action and granted the nominal damages of RM15 to the Plaintiff.

Bar of England and Wales, Malaysian Bar Fee-based activities under the concept of wakalah. Do any remuneration policies apply? The SC is responsible bzfia the malaysai banks’ business and market conduct, to promote market integrity and investor protection in the capital markets.

In this case, the Bank had disclosed to the Plaintiff’s employer about the Plaintiff’s information which he had obtained from the drawer of a cheque made in favour of the Plaintiff. Have a majority of independent directors.

Court strikes out Rafizi’s appeal over Bafia | The Malaysian Insight

After careful investigation, the ministry of finance Malaysia should issue and endorse a certification to show that the Central Bank has fully cleared the funds while Member states of the Association of Southeast Asian Nations ASEAN should also endorse their certification. Supporting information that is required includes, among others, detailed information on the applicant’s shareholders or in the case of a proposed branch the applicant’s corporate group such as:.

Its headquarters is located in Kuala Lumpurthe federal capital of Malaysia.

Bank Negara had previously maintained branches in each of the state capitals. The answer is simply, yes. What are the risk management rules for banks? Retrieved from ” https: Various incentives are accessible to financial institutions participating in the MIFC initiative, including new licences for conducting foreign currency businesses, attractive malysia incentives and facilitative immigration policies.

  BULOOGH AL MARAM PDF

The Corporate Governance guidelines are based on the fundamental concepts of responsibility, accountability and transparency, and contain broad principles dealing with board matters, management oversight, accountability and audit and transparency. BNM cannot recommend the granting of an Islamic banking licence unless it is malsysia that:.

Many financial groups have subsidiaries and operations in more than one jurisdiction.

It was further held that the malaysiw of secrecy is not only confined to the actual state of the customer’s account but it also extends to information derived from the account itself. What is the resolution regime for banks?

Introducing its clients to Malaysian companies with a view to establishing joint-venture companies in Malaysia and introducing financial institutions to its clients. Minimum capital funds requirements are set out in Question Whether the application will be in the best interest of Malaysia, having regard to the:.

A bank or financial institution. The alleged statement made by the Bank’s credit officer was not defamatory.