KUALA LUMPUR: Malaysian authorities were on high alert on Saturday after the arrest of an Israeli national who was apprehended with several handguns and rounds of ammunition at a hotel in Kuala Lumpur.
Malaysia has long shown support for Palestinian statehood and its leaders have been fiercely critical of Israel since the beginning of its deadly invasion of Gaza in October.
Kuala Lumpur does not have diplomatic relations with Tel Aviv and does not allow Israeli nationals to enter its territory. Israeli or Israel-bound ships are also barred from docking in Malaysian ports.
The 36-year-old suspect was detained earlier this week, and found with six pistols and 200 bullets, police said on Friday, expressing concern to local media over the haul.
“Why does the suspect need that many pistols and bullets?” National Police Chief Razarudin Husain told reporters.
“He claimed to have come to Malaysia to kill another Israeli citizen over a personal dispute, but is it true?”
Police revealed that the man had entered the country on March 12 from the UAE and had stayed in several hotels since.
He reportedly handed over what authorities believed to be a fake French passport before producing an Israeli one after further questioning.
Since then, authorities said that they were cautious about the security of several public figures, including the king — Sultan Ibrahim Sultan Iskandar — and Prime Minister Anwar Ibrahim.
Earlier on Saturday, local media reported that police arrested three Malaysians on suspicion of supplying the weapons and acting as a driver to the Israeli suspect. They also seized another handgun during the arrest.
The arrest of the Israeli prompted Mohd. Azmi Abdul Hamid, the leader of the Malaysian Consultative Council of Islamic Organization — a local humanitarian group — to urge Malaysia to beef-up its security.
State news agency Bernama quoted Azmi as saying Malaysia’s firm stance against Israel and boycott of Israeli products had attracted Tel Aviv’s attention, as the country “stands out among the countries that strongly condemn Israel and spearheads international campaigns in support of Palestine.”
Malaysia on high alert after arrest of armed Israeli national
https://arab.news/wp7uc
Malaysia on high alert after arrest of armed Israeli national
- Malaysia does not allow Israeli nationals to enter its territory
- 36-year-old Israeli was traveling on reportedly fake French passport
Britain needs ‘AI stress tests’ for financial services, lawmakers say
- Lawmakers urge AI-specific stress tests for financial firms
LONDON: Britain’s financial watchdogs are not doing enough to stop artificial intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to publish detailed guidance by the end of 2026 on how consumer protection rules apply to AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.
TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’
A race among banks to adopt agentic AI, which unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the FCA told Reuters late last year.
About three-quarters of UK financial firms now use AI. Companies are deploying the technology across core functions, from processing insurance claims to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.
