BNM Penalises BSB Darulssalam For Failing To Follow Due Diligence
Bank Negara Malaysia (BNM) had imposed an administrative monetary penalty of RM30,600 on BSB Darussalam Sdn Bhd (BDSB) for non-compliance with customer due diligence (CDD) requirements. The central bank said the non-compliances with CDD requirements were detected during an on-site examination. BDSB had failed to conduct CDD on three customers in relation to money-changing transactions above […]