What due diligence measures are being strengthened for new investments?

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Due Diligence Processes for New Investments Are Being Enhanced

The Johor government is reinforcing its due diligence procedures for new investments by strengthening inter-agency coordination and expanding the scope of background checks. This initiative aims to ensure that all investments and international ventures undergo thorough scrutiny across various regulatory and security aspects before approval. The focus is on identifying and addressing any non-compliance with existing laws and regulations, thereby safeguarding national interests and the state's development.
Enhanced Background and Ownership Scrutiny

Strengthened due diligence will involve comprehensive checks into the background of companies or organisations seeking investment. This includes detailed examinations of their ownership structures, identifying the ultimate beneficial owners. Furthermore, the sources of funding for these entities will be rigorously assessed to ensure they align with legal and ethical standards. The operational framework and the narratives or claims promoted by these companies will also be subject to closer inspection.
Comprehensive Regulatory and Security Assessments

Coordination among various government agencies is being bolstered to ensure that every investment or international initiative is evaluated comprehensively. This multi-agency approach will cover critical aspects such as licensing requirements, immigration compliance, national security considerations, and the appropriate use of premises. Each of these elements will be assessed to ensure full adherence to all applicable Malaysian laws and regulations.
Addressing Non-Compliance and Legal Breaches

The state government has stated its commitment to taking firm action against any identified non-compliance, regardless of the duration of operation. This approach underscores a zero-tolerance policy towards breaches of the law. The enhanced coordination is intended to facilitate the timely detection and immediate addressing of violations, ensuring that no entity operates outside the legal framework or compromises national security and interests.

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What due diligence measures are being strengthened for new investments?

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