WebThe Financial Services Act 2013 (FSA) defines e-money as any payment instrument, whether tangible or intangible, that stores funds electronically in exchange for funds paid to the e-money... WebFeb 8, 2024 · Bank Negara Malaysia (BNM)’s Policy Document on Licensing Framework for Digital Banks aims to drive financial inclusion and deliver quality and responsible usage of financial services. Up to five licenses may be issued to qualified applicants to establish digital banks to conduct either a conventional or Islamic banking business. The licenses ...
BNM issues exposure draft on electronic money - Allen & Gledhill
Web50 rows · E-Money Issuer (Non-bank) Chevron Malaysia Limited. E-Money Issuer (Non … WebJun 29, 2024 · 29 June 2024. On 11 June 2024, Bank Negara Malaysia (“ BNM ”) issued the exposure draft of a policy document applicable to approved issuers of electronic money … my morrisons promotions
BNM issues exposure draft on electronic money - Allen & Gledhill
WebTable 1. As at 13 March 2024, there are 314 licensees registered with BNM. In 2024, BNM had raided more than 20 premises and charged 8 individuals in courts for conducting money changing activities without a license, and offence under the Act and engaging in money laundering activities, which is an offence under the Anti-Money Laundering, Anti … WebJun 23, 2024 · On 11 June 2024, Bank Negara Malaysia issued the Exposure Draft of the Policy Document on Electronic Money (e-Money) (“ Exposure Draft ”) to seek written feedback on the proposals in the Exposure Draft. The Exposure Draft is significantly more comprehensive than the Guideline on Electronic Money (E-money) which it will replace. … WebJun 11, 2024 · Bank Negara Malaysia (“ BNM ”) has today issued the Exposure Draft of the Policy Document on Electronic Money (e-Money) (“ Exposure Draft ”) to seek written … my morrisons log into my account