Bank Negara fines Maybank, CIMB for extended service outages
KUALA LUMPUR (Aug 14): Bank Negara Malaysia (BNM) has imposed an Administrative Monetary Penalty (AMP) of RM4.32 million on Malayan Banking Bhd and Maybank Islamic Bhd, and RM760,000 on CIMB Bank Bhd and CIMB Islamic Bank Bhd due to prolonged disruptions in several banking services.
In separate statements, the central bank reported that Maybank paid the full penalty for the AMP imposed on Aug 8, while CIMB settled its penalty on Aug 12, 2024.
– Bernama
