Reviews of Malacca Securities Sdn Bhd
This is page 2 of 31 of the reviews SmartChecker holds for Malacca Securities Sdn Bhd. What the public registers say about the company is set out on its record page, not here.
What does SmartChecker make of Malacca Securities?SmartChecker 怎么看 Malacca Securities？Apa pandangan SmartChecker tentang Malacca Securities?
Written by Pang Hui JuanDirector of Online Broker Research
Fact-checked by Ng Kok HeiManaging Malaysian Partner
Fact-checked
I’ve been looking into Malacca Securities, one of Malaysia’s established stockbroking firms.
Its established position in the local stockbroking industry is a strength. It is a Participating Organisation of Bursa Malaysia and provides access to Malaysian equities, online trading and Shariah-compliant stockbroking through Bursa Malaysia-i.
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Investors should also understand its regulatory history. In September 2022, the Securities Commission Malaysia (SC) took administrative action against Malacca Securities Sdn Bhd for two breaches of its Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) Guidelines. The issues included inadequate ongoing customer due diligence and account monitoring, and failures involving risk reclassification and suspicious transaction reporting. The SC issued a reprimand for each breach and a total penalty of RM220,000. Its review application was dismissed in February 2023.
An earlier AML/CFT-related action followed in July 2020. The SC found that Malacca Securities had not responded in time to certain law-enforcement orders under the Anti-Money Laundering Act. It reprimanded the company and directed it to allocate at least RM200,000 to strengthen compliance systems, monitoring, controls and staff training.
Separately, some individuals associated with Malacca Securities have faced disciplinary action for trading-related misconduct. Individual cases must be distinguished from findings against the company and should not automatically be attributed to it.
Overall, Malacca Securities is a locally established, regulated stockbroking firm with access to Bursa Malaysia and Islamic stockbroking services. Its regulatory record also shows past AML/CFT compliance issues. Regulation provides the framework. Transparency provides confidence. Due diligence remains every investor’s responsibility.
Malacca Securities 是马来西亚较成熟的股票经纪公司，也是 Bursa Malaysia Participating Organisation，提供马来西亚股票、网上交易及 Bursa Malaysia-i 的伊斯兰股票经纪服务。
2022 年 9 月，SC 因两项 AML/CFT 指引违规对 Malacca Securities Sdn Bhd 采取行政行动，涉及持续客户尽职调查、账户监控、风险重新分类和可疑交易报告。SC 对每项违规作出谴责，合计罚款 RM220,000；复核申请于 2023 年 2 月被驳回。
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2020 年 7 月另有一项 AML/CFT 行动。SC 指公司未及时回应执法机构根据反洗钱法发出的若干命令，并要求至少拨出 RM200,000 加强合规系统、监控、控制和员工培训。
与公司有关联的个别人士也曾因交易行为受纪律处分，但个人案件必须与针对公司的监管结论分开。
整体而言，它是本地受监管、可接入 Bursa Malaysia 的股票经纪公司，同时也有过去的 AML/CFT 合规纪录。投资者应结合监管、透明度和自身尽职调查作出判断。
Saya telah meneliti Malacca Securities, salah sebuah firma pembrokeran saham yang mapan di Malaysia.
Kedudukannya yang mapan dalam industri pembrokeran saham tempatan ialah satu kekuatan. Ia merupakan Participating Organisation Bursa Malaysia dan menyediakan akses kepada ekuiti Malaysia, dagangan dalam talian serta pembrokeran saham patuh Syariah menerusi Bursa Malaysia-i.
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Pelabur juga perlu memahami sejarah kawal selianya. Pada September 2022, Securities Commission Malaysia (SC) mengambil tindakan pentadbiran terhadap Malacca Securities Sdn Bhd bagi dua pelanggaran Garis Panduan Pencegahan Pengubahan Wang Haram dan Pembiayaan Keganasan (AML/CFT). Isunya termasuk usaha wajar pelanggan dan pemantauan akaun yang berterusan tetapi tidak mencukupi, serta kegagalan berkaitan pengelasan semula risiko dan pelaporan transaksi mencurigakan. SC mengeluarkan teguran bagi setiap pelanggaran dan penalti berjumlah RM220,000. Permohonan semakannya ditolak pada Februari 2023.
Satu lagi tindakan berkaitan AML/CFT berlaku lebih awal, pada Julai 2020. SC mendapati Malacca Securities tidak membalas dalam masa yang ditetapkan terhadap perintah penguatkuasaan undang-undang tertentu di bawah Akta Pencegahan Pengubahan Wang Haram. SC menegurnya dan mengarahkannya memperuntukkan sekurang-kurangnya RM200,000 untuk mengukuhkan sistem pematuhan, pemantauan, kawalan dan latihan kakitangan.
Secara berasingan, beberapa individu yang dikaitkan dengan Malacca Securities pernah menghadapi tindakan tatatertib kerana salah laku berkaitan dagangan. Kes individu mesti dibezakan daripada dapatan terhadap syarikat dan tidak harus dikaitkan dengannya secara automatik.
Secara keseluruhan, Malacca Securities ialah firma pembrokeran saham tempatan yang mapan dan dikawal selia, dengan akses kepada Bursa Malaysia dan perkhidmatan pembrokeran saham Islam. Rekod kawal selianya juga menunjukkan isu pematuhan AML/CFT pada masa lalu. Kawal selia menyediakan rangka kerjanya. Ketelusan memberikan keyakinan. Usaha wajar kekal menjadi tanggungjawab setiap pelabur.
Official sources
Reviews are written by SmartChecker members about their own experience and checked against our review rules. No company can pay to add, change or remove one.
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