Malaysia to implement beneficial ownership register

Malaysia is set to introduce new guidelines requiring all registered companies to submit information on their beneficial owners. The Companies Commission Malaysia (CCM) regulatory development and services division director, Norhaiza Jemon, said the commission intends to implement the new requirements in early 2020 as local media reported. Norhaiza had told a forum on Beneficial Ownership in Kuala Lumpur that companies would have six months from the starting date to comply with all the requirements but she did not mention the exact date. "CCM intends to implement the guidelines by e...