MALAYSIA: HSBC and Maybank Islamic units were fined by Bank Negara Malaysia (BNM) for regulatory offences in March 2025. Maybank Islamic was fined RM1.2 million (US$282,660) for its error in submitting fair credit assessments on three prospective borrowers. An RM3.26 million (US$768,846) fine was imposed on HSBC Bank Malaysia and HSBC Amanah Malaysia for failing to conduct proper anti-terrorism, money laundering prevention and sanctions screening on new customers – though no actual breach was found. These systemic failures have since been fixed, BNM said.
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