KUALA LUMPUR: Bank Negara Malaysia (BNM) has taken enforcement actions, with penalties and compounds imposed, on two financial institutions and two firms for their failures to comply with anti-money laundering and countering financing of terrorism (AML/CFT) requirements. In statements yesterday, BNM said the institutions involved were MBSB Bank Bhd, Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), Boardroom Corporate Services Sdn Bhd and Ilham Secretarial Services. MBSB Bank paid RM560,000 for the AMP imposed by the central bank on Dec 3, 2025. Separately, BNM said it imposed an AMP of RM460,000 on SME Bank for failing to submit an STR promptly. BNM had also imposed a compound of RM8,625 on Ilham Secretarial Services for failure to promptly submit an STR, and the company paid the compound on Dec 15, 2025.

Source: The Star January 30, 2026 06:30 UTC