Bank Negara penalises four financial institutions RM1.66m for non-compliance

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Bank Negara penalises four financial institutions RM1.66m for non-compliance - Malay Mail

Quick Summary:

KUALA LUMPUR, Jan 28 — Bank Negara Malaysia (BNM) has imposed administrative monetary penalties (AMP) totalling RM1.66 m...

The AMP amounts were determined by considering relevant aggravating and mitigating factors as well as the representations made by the financial institutions, which include past compliance records and post-misconduct behaviour, such as timely rectification of non-compliance and remedial measures taken by them.

Maybank and RHB Bank paid RM750,000 each, while Maybank Islamic paid RM150,000 and AmInvestment Bank RM10,000.