Malaysian central bank to name and shame non-compliant banks
Bank Negara Malaysia to publish enforcement actions next year
Bank Negara Malaysia will start publishing enforcement actions next year, as a means to foster improved compliance in the financial sector, the governor has announced.
Speaking today (May 18), Muhammad bin Ibrahim said the central bank will be “raising the stakes” by mentioning the name of the banks, along with the breach of compliance and punishment.
In a survey conducted at the beginning of this year, Malaysia’s financial services sector was ranked as the least trusted industry. “People do
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