Setel выплатила штраф Банку Негара Малайзия за нарушения в системе санкционного контроля

KUALA LUMPUR: Petronas Dagangan Bhd’s subsidiary, Setel Ventures Sdn Bhd (Setel), has implemented the necessary remediation measures to address gaps identified in regulatory findings by Bank Negara Malaysia (BNM), while further strengthening its internal processes and controls. In a statement today, the company said Setel proactively reported these findings to BNM and has since maintained close and constructive engagement with the regulator throughout the review process. "The matters relate to items identified through Setel's internal reviews in late 2023. Importantly, these matters did not involve any customer transactions or impact customer funds. "These enhancements have been fully embedded into current operations to ensure continued alignment with regulatory expectations,” it said. Petronas Dagangan also said Setel, regulated by BNM as a non-bank electronic-money (e-money) issuer, remains committed to operating in full compliance with regulatory requirements and to upholding the confidence and trust of its customers and stakeholders. According to reports yesterday, BNM has imposed a RM637,000 administrative monetary penalty (AMP) on Setel on April 15, 2026, for failing to immediately update its sanctions database upon publication of the Domestic List. The central bank said the breaches were attributed to gaps in Setel’s standard operating procedure (SOP) and sanctions screening system. On May 6, Setel paid the RM637,500 AMP imposed on it. - Bernama