BNM issues letter of administrative compound to 1MDB

The Overnight Policy Rate (OPR) will be maintained at 3.25%, Bank Negara Malaysia announced at its Monetary Policy Committee (MPC) meeting on Thursday.

KUALA LUMPUR: Bank Negara Malaysia (BNM) has issued a letter of administrative compound to 1Malaysia Development Bhd (1MDB) for failure to fully comply with directions issued under the Financial Services Act 2013.

The central bank said in a statement on Thursday that it had taken the action after receiving the consent of Attorney General.

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