Economical Sector Talent Enrichment Program

 Financial Sector Talent Enrichment Programme Exploration Paper

MONETARY SECTOR SKILL ENRICHMENT PROGRAM

FINANCIAL RESTRICTIONS IN MALAYSIA ___________________________ BANKING AND BANKS ACT [BAFIA] 1989 MALAYSIAN ANTI CASH LAUNDERING ACTION 2001 [MALAYSIAN ANTI-MONEY LAUNDERING (AMENDMENT) ACT 2003] CORPORATE GOVERNANCE

MONETARY SECTOR TALENT ENRICHMENT PLAN

BANKING AND FINANCIAL INSTITUTIONS TAKE ACTION [BAFIA] 1989

FINANCIAL SECTOR TALENT ENRICHMENT PROGRAMME

TRADITIONAL BANK NEGARA MALAYSIA: AN INTRODUCTION

Wholly owned by Federal Government of Malaysia, BNM was create by an Act of Parliament referred to as Central Bank of Malaysia Ordinance 1958. As the country's Central Bank, the principal items are: •To issue currency in Malaysia and to maintain reserves protecting the value of the currency •To act as a banker and a financial advisor for the Government •To promote budgetary stability and a audio financial composition •To affect the credit rating situation for the advantage of the country

FINANCIAL SECTOR TALENT RICHNESS PROGRAMME

BAFIA: Powers of Supervision

All commercial banking institutions and other accredited financial institutions in Malaysia will be regulated beneath the BAFIA. BNM administers the statute and therefore, has the specialist to impose penalties upon banks and and other FIs and its representatives for infractions.

FINANCIAL SECTOR TALENT ENRICHMENT PROGRAMME

BAFIA: Powers of Supervision

The Act offers BNM large powers to monitor and control the many financial institutions more effectively with the purpose of ensuring a stronger and even more stable economic climate. Establishes BNM as the sole monetary expert in Malaysia for the country's economic climate. BNM supervises the treasury, securities and futures activities of banks in Malaysia and problems directives and guidelines for the procedures of financial organizations.

FINANCIAL SECTOR TALENT RICHNESS PROGRAMME

BAFIA: Consequences Of Breaches

Non-adherence to the regulation could result in significant criminal infringement of legislation where prosecutors will search for...

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