Reviews of Malacca Securities Sdn Bhd
This is page 28 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.
Top mentions
All reviews 619 reviews
demo_ms5_025_3853
Stock Research ΓÇö Test Scenario 025
In this synthetic evaluation, research navigation and article categorization the interface concept has strong information hierarchy. No real account, trade, or customer experience is claimed.
demo_trade_88645
Good Account Comparison ΓÇö Demo 069
This example gives the account information a positive but not perfect usability assessment. More examples involving account options and eligibility would raise the clarity further. This is simulated copy, not a report from a customer.
trend_ticker_68572
Excellent Account Comparison ΓÇö Demo 159
For interface testing, the account information stands out as easy to understand. The emphasis on account options and eligibility supports a smoother informational experience. This note is for demo interface and sentiment testing only.
demo_ms5_127_9981
Fee Disclosures ΓÇö Test Scenario 127
In a hypothetical design walkthrough, fee table arrangement and terminology the section headings feel intuitive and well structured. Created solely for testing interface and rating displays.
folio_finance_14500
Needs Improvement Account Comparison ΓÇö Demo 009
The account information could be frustrating to interpret in its current hypothetical design. Additional safeguards and simpler descriptions of account options and eligibility are needed. No actual brokerage usage or transaction is asserted.
ticker_capital_17471
Mixed Research Pages ΓÇö Demo 041
The research section has a functional structure on paper. A guided walkthrough of reports and supporting sources would improve the overall experience. This note is for demo interface and sentiment testing only.
equity_demo_94391
Needs Improvement Corporate Information ΓÇö Demo 021
The fictional user scenario struggles with the organization of the company information section. Additional safeguards and simpler descriptions of company details and verification references are needed. It does not describe verified service performance.
capital_folio_74972
Excellent Security Guidance ΓÇö Demo 148
The mockup assessment finds the security help pages especially intuitive and well presented. The treatment of login protection and account-safety instructions makes this a strong example of readable financial UI. This is simulated copy, not a report from a customer.
capital_finance_86307
Excellent Corporate Information ΓÇö Demo 021
As a five-star test scenario, the company information section has an excellent information hierarchy. The emphasis on company details and verification references supports a smoother informational experience. No actual brokerage usage or transaction is asserted.
invest_demo_26187
Excellent Financial Terminology ΓÇö Demo 149
This synthetic positive review praises the clarity of the glossary. Clear labeling around simple definitions and examples is a highlight of the design concept. No actual brokerage usage or transaction is asserted.
capital_invest_65381
Excellent Market Overview ΓÇö Demo 003
This synthetic positive review praises the clarity of the market overview. The emphasis on market summaries and price panels supports a smoother informational experience. This is simulated copy, not a report from a customer.
research_analyst_79967
Good Market Overview ΓÇö Demo 033
The test impression of the market overview is mostly favorable. More examples involving market summaries and price panels would raise the clarity further. This note is for demo interface and sentiment testing only.
demo_ms5_051_2855
Help Center ΓÇö Test Scenario 051
In this fictional five-star UI review, help article categories and support directory the information is thoughtfully grouped and visually balanced. Created solely for testing interface and rating displays.
demo_ms5_083_7273
Chart Controls ΓÇö Test Scenario 083
This sample five-star assessment highlights chart toolbar and timeframe controls the information is thoughtfully grouped and visually balanced. This is demo content, not verified customer feedback.
watch_equity_83340
Poor Financial Terminology ΓÇö Demo 029
The fictional user cannot confidently understand the proposed glossary. The lack of clear signposting for simple definitions and examples is a major problem in this test case. It does not describe verified service performance.
demo_ms5_001_6293
Dashboard Organization ΓÇö Test Scenario 001
In this fictional five-star UI review, dashboard grouping and information hierarchy the presentation provides a polished, organized experience. This is demo content, not verified customer feedback.
demo_ms5_011_2366
Help Center ΓÇö Test Scenario 011
In this fictional five-star UI review, help article categories and support directory the labels and sections offer an appealing visual structure. This is demo content, not verified customer feedback.
watch_ticker_67991
Excellent Watchlist Organization ΓÇö Demo 091
For interface testing, the watchlist stands out as easy to understand. The treatment of saved instruments and groups makes this a strong example of readable financial UI. This is simulated copy, not a report from a customer.
trade_signal_79288
Excellent Security Guidance ΓÇö Demo 208
For interface testing, the security help pages stands out as easy to understand. The treatment of login protection and account-safety instructions makes this a strong example of readable financial UI. This note is for demo interface and sentiment testing only.
signal_chart_89074
Good Mobile Navigation ΓÇö Demo 034
The mobile navigation seems thoughtfully organized in this test scenario. The explanation of small-screen tabs and menus could still be slightly more concise. It does not describe verified service performance.