KUALA LUMPUR (March 31): A total of 284 supervisory and enforcement actions were taken against financial institutions last year, according to Bank Negara Malaysia (BNM). In 2024, BNM imposed a total of RM18.9 million penalties on financial institutions, as 326 supervisory and enforcement actions were taken. Of the 284 actions, 150 were taken against institutions regulated by BNM, while the remaining 134 involved non-regulated entities, including individuals. Of the 150 supervisory and enforcement actions taken against institutions regulated by BNM, the majority involved commercial banks (52), insurers (32) and money services businesses (20). Enforcement actions, such as administrative monetary penalties and compounds, are imposed for material regulatory breaches to reinforce accountability and deter misconduct.

Source: The Edge Markets March 31, 2026 03:25 UTC