BNM slaps RM4.32m fine on Maybank, RM760,000 on CIMB for service outages

Malay Mail

14 August 2024 at 5:49 am

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 August 8, while CIMB settled its penalty on August 12, 2024.

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