Malaysia plans stricter controls for high-risk AI systems under new Bill
Malaysia's Digital Minister Gobind Singh Deo told the Dewan Rakyat on Oct 5 that high-risk AI systems will face stricter safety controls, testing and human oversight under a new AI Bill expected to be tabled early next year. The Bill will take a risk-based approach, assessing controls by an AI system's potential harm rather than its industry, and will complement existing laws. For increasingly autonomous systems, he said safety controls and human oversight "must be strengthened before their use is expanded."
NoteA risk-based AI bill assessing systems by their potential harm, independent of industry, would pull banks and fintechs using high-risk AI into the same obligations as other sectors, so Malaysian lenders piloting autonomous agents should watch the bill's text once it reaches parliament.
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