BNM imposes RM88,000 penalty on Bank of China (M) Bhd

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KUALA LUMPUR: Bank Negara Malaysia (BNM) had, on July 22 2024, imposed an Administrative Monetary Penalty (AMP) of RM88,000 on Bank of China (Malaysia) Bhd (BOCM) for failure to comply with the prudential requirements applicable to the material outsourcing arrangements.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Banking Penalty /Business/Business News AMP BNM Bank of China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 16:50:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22226612

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 55 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 22 minutes ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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