
TNG Digital Fined RM600,000 for Onboarding Sanctioned Individuals
Bank Negara Malaysia (BNM) announced that it has imposed a RM600,000 penalty on TNG Digital, the owner and operator of Touch ‘n Go eWallet, for failing to screen its customers against sanctions lists. The penalties were issued as BNM found this to breach of the Financial Services Act 2013 (FSA) and the Anti-Money Laundering and…