KUALA LUMPUR, Bank Negara Malaysia (BNM) has imposed a total of RM3.445 million in administrative monetary penalties (AMPs) on Bank Islam Malaysia Bhd (BIMB) for breaches of the Islamic Financial Services Act 2013 (IFSA) and related regulatory requirements.
In a statement today, the central bank said the penalties relate to non-compliance with its Risk Management in Technology Policy Document (RMiT PD) and the Anti-Money Laundering, Countering the Financing of Terrorism, and Targeted Financial Sanctions Policy Document (AML/CFT and TFS for FIs PD).
BIMB paid:
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RM1.70 million on May 29, 2025, for breaches in sanctions screening compliance, and
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RM1.745 million on June 30, 2025, for prolonged service disruptions.
Separately, BNM imposed a RM2.85 million penalty on Bank Kerjasama Rakyat Malaysia Bhd (BKRM) for non-compliance with the Development Financial Institutions Act 2002 (DFIA) and the RMiT PD. BKRM paid the full amount on June 26, 2025.
Bank Simpanan Nasional (BSN) was also fined RM995,000 for similar breaches under the DFIA and the RMiT PD. BSN settled the penalty on June 25, 2025.
