KUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed an Administrative Monetary Penalty (AMP) of RM4.32 million on Malayan Banking Bhd and Maybank Isl...
: Bank Negara Malaysia has imposed an Administrative Monetary Penalty 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.
Paragraph 10.32 of the RMiT Policy Document mandates that financial institutions ensure their critical systems are designed for high availability. BNM also noted that CIMB’s customers faced prolonged service disruptions on April 8 - 9, 2024, affecting e-banking channels, ATMs, and both debit and credit card services. These disruptions exceeded the thresholds set by BNM.
CIMB also affirmed its commitment to investing in technology, systems, and processes to enhance resilience and ensure its critical infrastructure can consistently meet customers’ needs.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BNM kenakan penalti RM4.3 juta kepada MaybankPETALING JAYA: Bank Negara Malaysia (BNM) telah mengenakan Penalti Monetari Pentadbiran (AMP) sebanyak RM4.3 juta terhadap Malayan Banking Berhad dan Maybank Islamic Berhad (Maybank) berikutan gangguan perkhidmatan perbankan tersebut.
Read more »
Bank Negara Fines CIMB, Maybank For Prolonged Service DisruptionsBank Negara Malaysia announced today that it has imposed penalties on two major banks, Maybank and CIMB, on 29 July 2024 for prolonged service disruptions.
Read more »
Shah Alam plane crash: Final report before first anniversary of tragedy, says LokeKUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed administrative monetary penalties on Malayan Banking Bhd (Maybank) and CIMB Bank Bhd for e-banking service outages that occurred in June and April, respectively.
Read more »
Fuel prices Aug 15-21: Diesel down 5sen per litre in Peninsular M'sia, RON95, RON97 unchangedKUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed administrative monetary penalties on Malayan Banking Bhd (Maybank) and CIMB Bank Bhd for e-banking service outages that occurred in June and April, respectively.
Read more »
Nine charged with Palestinian man’s kidnapping send representation to AGC to drop chargesKUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed administrative monetary penalties on Malayan Banking Bhd (Maybank) and CIMB Bank Bhd for e-banking service outages that occurred in June and April, respectively.
Read more »
Missing singer: Muhammad Nidza's wallet and handphone found, say copsKUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed administrative monetary penalties on Malayan Banking Bhd (Maybank) and CIMB Bank Bhd for e-banking service outages that occurred in June and April, respectively.
Read more »