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Articles contributed by Naqiz & Partners
Malaysia’s Money Services Business Act 2011
Money Services Business Act 2011 (the “Act”) is an act to provide for the licensing, regulation and supervision of money services business. The Act defines money services business as money-changing business, remittance business and whole sale currency business.
Malaysia’s Copyright Laws Set for Change
Since 2010, Malaysia has been involved in the Trans-Pacific Partnership (“TPP”) talks along with Australia, Brunei, Chile, New Zealand, Peru, Singapore, United States and Vietnam. The proposed partnership represents the latest multilateral free trade agreement that aims to further liberalise the economies of the Asia-Pacific region.
The Development of Personal Data Protection in Malaysia
The Personal Data Protection Bill 2009 (“PDP”) has recently received Royal Assent in June this year. Since the PDP was first mooted, Malaysia has seen a literal explosion in the number of companies and service providers that have taken to the internet, offering Malaysians a plethora of goods and services that are no longer confined by the limitations of time and geography.