Kuala Lumpur, 24 June 2026 – Bank Negara Malaysia’s latest enforcement actions against AEON Credit Service (M) Berhad and Jin Cheng Gong Sdn Bhd have placed financial crime compliance controls under renewed scrutiny, highlighting the importance of sanctions screening, customer due diligence and timely risk response across reporting institutions.
The central bank imposed an administrative monetary penalty of RM520,000 on AEON Credit for breaches involving targeted financial sanctions requirements. In a separate enforcement action, Jin Cheng Gong was imposed a RM16,800 penalty for failing to comply with customer due diligence requirements under anti-money laundering and countering financing of terrorism obligations.
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