
New KWAN Law Plugs RM5 Billion Withdrawal Loophole
Parliament has passed legislation closing regulatory gaps that allowed a RM5 billion KWAN withdrawal in 2021. The new law requires parliamentary approval for all future fund withdrawals.
The stories shaping Malaysia, in focus.

Parliament has passed legislation closing regulatory gaps that allowed a RM5 billion KWAN withdrawal in 2021. The new law requires parliamentary approval for all future fund withdrawals.