Topic Central bank
Bank Negara Malaysia
Malaysia's central bank, which directed banks to move customers off SMS one-time passcodes from 2022.
Also called: BNM, Malaysia
- Jurisdiction
- Malaysia
- Official site
- bnm.gov.my
Questions (1) #
- Which countries are banning SMS OTP for banking?Regulation
Singapore, Malaysia, the UAE and the Philippines have ordered banks off SMS or email codes for some or all transactions since 2022.
In the regulation tracker #
- Malaysia: Banks directed off SMS OTP (In force)
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