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Regulations01 May 2026

Bank Negara Malaysia imposes penalties on Zurich firms

By Jake Nathanoel Dellosa | 01 May 2026

The Bank Negara Malaysia (BNM) has imposed Administrative Monetary Penalties (AMP) of MYR1.04m ($218,400) on Zurich General Insurance Malaysia (ZGIM) and MYR520,000 on Zurich General Takaful Malaysia (ZGTM). The sanctions stem from the Zurich companies' failure to comply with requirements relating to targeted financial sanctions (TFS).

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