News & Reviews:   fine

Bank Negara Malaysia (BNM) in a statement revealed that it had, on 22 July 2024, imposed an Administrative Monetary Penalty (AMP) of RM88,000 on Bank of China (Malaysia) Bhd (BOCM). The AMP was due to BOCM’s non-compliance with the prudential requirements applicable to the material outsourcing arrangements.

Bank Negara Malaysia (BNM) in a statement today revealed that it has fined both Maybank and CIMB for prolonged disruptions in several banking services. Maybank (Malayan Banking Bhd and Maybank Islamic Bhd) was fined RM4.32 million, while CIMB (CIMB Bank Bhd and CIMB Islamic Bank Bhd) was fined RM760,000.

Ministry of Communications has voiced dissatisfaction with the contractors of the National Digital Network Plan (JENDELA) Phase 1 project in the rural areas of Sabah and Sarawak. Its Deputy Minister, Teo Nie Ching revealed that despite the project’s supposed completion in 2022, it is yet to be finished.

Late last year, PDRM looked into banning e-scooters from the roads in Malaysia. While it's not a full ban of e-scooters, the authorities confirmed that you can only use them in gazetted areas. Of course, some stubborn users refuse to comply, and the government is ready to start taking legal action.

Today, the Malaysian Communications and Multimedia Commission (MCMC) has issued a total of 64 compounds worth RM3.2 million in the second quarter of 2021 to four telcos. Like before, Maxis, U Mobile, Digi and XOX Com got fined due to failure to comply with the numbering plan and electronic addressing as well as non -compliance with the Prepaid Guidelines for end-user registration.

Today, the Malaysia Government is imposing a new rule to tackle fake news. Starting today onwards under the Emergency Ordinance (No. 2) 2021, any individual or party who publish or broadcast fake news about any related COVID-19 and State of Emergency matters will be fined up to RM100,000.

MCO 2.0 will begin tomorrow (13 January) in Malaysia and with that, the Malaysian Communications and Multimedia Commission (MCMC) would like to once again remind everyone on checking facts instead of sending fake news around, as well as behaving nicely when posting comments online. In fact, MCMC will punish anyone who shares any fake news or threatening social posts online with a hefty fine.

MCMC has recently posted a tweet on their Twitter account, stating that individuals who use unregistered and non-standard Cellular Booster and Repeater (CBR) will be fined up to RM500000 or imprisonment of no more than 5 years. This is because the usage of a non-standard CBR device lead to an increase in cellular disruption causing many users within the vicinity to lose reception.

Today, the Malaysian Communications and Multimedia Commission (MCMC) just issued a total fine of up to RM750,000 on five local telcos. The reason being is because of their prepaid SIM cards registration was not done properly without any verification on users information.

Today, we saw an interesting tweet from the Malaysian Communications and Multimedia Commission (MCMC) about fake prepaid SIM card registration. Apparently, these fake prepaid SIM cards came from U Mobile, Celcom, Tune Talk, Maxis, YTL Communications and Tone Plus without verifying user information.