Tracking Financial Misconduct: 32 Years of Securities Commission Malaysia Enforcement

Nor Aishah Mohd Ali, Khair Syakira Bustamam, Zaharah Abdullah, Amir Hakim Chan Muhamad Azmi and Bayu Tri Cahya
Additional contact information
Nor Aishah Mohd Ali: Money Laundering Research Group, Faculty of Accountancy, University Technology MARA, Melaka, Malaysia
Khair Syakira Bustamam: Faculty of Accountancy, University Technology MARA, Melaka, Malaysia
Zaharah Abdullah: Money Laundering Research Group, Faculty of Accountancy, University Technology MARA, Melaka, Malaysia
Amir Hakim Chan Muhamad Azmi: Faculty of Accountancy, University Technology MARA, Melaka, Malaysia
Bayu Tri Cahya: Economic Shariah Postgraduate, Institut Agama Islam Kudus, Indonesia

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 9, 1293-1303

Abstract: This study examines enforcement actions undertaken by the Securities Commission Malaysia (SC) over the past 32 years, focusing on violations such as insider trading, money laundering, and other financial crimes. Employing qualitative research design by analyzing the data in the Securities Commission website, the research identifies key trends, patterns, and enforcement priorities, uncovering systemic issues in regulatory responses to financial misconduct. This study also investigates the profiles of individuals and organizations prosecuted for these violations, contributing to the discourse on regulatory efficacy in emerging markets. The findings show a rise in insider trading prosecutions indicating stronger regulatory vigilance, alongside cyclical trends in money laundering cases over the 32 years of study. Enforcement actions spiked in 2003-2003, 2015, and 2024, reflecting the influence of regulatory reforms and surveillance improvements. It is worth highlighting that financial misconduct in Malaysia remains driven by individual actors, particularly with prominent positions within an organization. The research offers actionable insights into how enforcement mechanisms influence market behavior, deter misconduct, and promote effective corporate governance.

Date: 2025
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... ssue-9/1293-1303.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... alaysia-enforcement/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:9:y:2025:issue-9:p:1293-1303

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().