Tag: Bank Negara Malaysia

Bank Negara Malaysia (BNM) has imposed an Administrative Monetary Penalty (AMP) of RM1,000,000 on Bank Kerjasama Rakyat Malaysia Berhad (BKRM) following a series of...

SymphonyAI has published its inaugural Risk Radar briefing, offering a sweeping overview of financial crime compliance developments across North America, EMEA and Asia-Pacific. The...

Financial institutions are under growing pressure to strengthen anti-money laundering (AML) controls while managing rising compliance costs. Artificial intelligence (AI) is widely seen as part...

Malaysia is stepping up preparations for a nationwide digital identity rollout across financial services, with regulators putting banks through a second phase of testing...

Malaysia’s financial institutions are entering a pivotal phase as regulators intensify their focus on anti-money laundering (AML) standards and financial crime threats become more...

Bank Negara Malaysia (BNM) has opened a public consultation to shape how artificial intelligence (AI) can be used responsibly in the country’s financial system. Napier...

Fraud prevention in banking is being reshaped as cybercriminals exploit AI tools to launch sophisticated scams. SymphonyAI, a provider of AI SaaS solutions, noted that...

Biometrics are rapidly shifting from optional security features to a cornerstone of financial crime prevention strategies worldwide. Regulators across Europe, Asia, and beyond are steadily...

Bank Negara Malaysia (BNM) has released an exposure draft aimed at strengthening anti-money laundering and counter financing of terrorism (AML/CFT) measures for electronic money...

Malaysia has unveiled its Climate Finance Innovation Lab (CFIL), a major initiative aimed at accelerating the development and deployment of innovative financial solutions for...