Tag: banking compliance
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CBN Unveils New Debit Card Rules to Simplify ATM Operations in Nigeria
New Debit Card Rules Set to Streamline Nigeria’s ATM Landscape The Central Bank of Nigeria (CBN) has announced a forthcoming regulatory framework designed to simplify debit card issuance and streamline Automated Teller Machine (ATM) operations across the Nigerian banking sector. The move aims to reduce friction for customers, improve security, and encourage wider adoption of…
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Ex-Bank Officers Fined for Failing to Report Bribes in Malaysia
Background In a Malaysia High Court decision reported by Bernama, two former bank officers were found guilty of failing to report bribes received from law firms. The case highlights ongoing scrutiny of financial sector integrity and the legal obligations on whistleblowing and reporting suspected corruption within financial institutions. The Verdict Judge Nasir Nordin handed down…