A recent amendment to Malaysian law closes a loophole revealed by a RM5 billion (approximately $1.1 billion USD) withdrawal from the Kumpulan Wang Amanah Negara (KWAN) national trust fund in 2021. The previous framework lacked sufficient safeguards, allowing the substantial withdrawal to occur. The new legislation mandates that any future withdrawals from the KWAN fund require a resolution passed by the Dewan Rakyat, Malaysia’s Parliament. This change aims to increase transparency and accountability concerning the national fund. The 2021 withdrawal highlighted weaknesses in oversight that lawmakers are now addressing. The amendment seeks to prevent similar large-scale withdrawals without parliamentary approval and public scrutiny. This move strengthens financial governance related to the KWAN fund's management.