![[Maldives] BML halts bulk transfers and payroll processing via Internet Banking](http://gpa.net/cdn/shop/articles/bigstock-Male-Maldives--November----336137881_1200x.jpg?v=1722832228)
On August 3, the Bank of Maldives (BML) announced that it had temporarily halted the processing of payroll and bulk transfers via Internet Banking and Favara, The Edition reports.
In a post on its Twitter account, the bank stated that deposits of large amounts must be requested via email.
BML reportedly made the changes after it erroneously deposited $77 billion in the accounts of Lily Beach employees during last month's payroll processing. The bank confirmed that the transfers had been reversed and that the payroll error had caused no losses.
It said the massive overpayments were the result of human error after changes to the bulk payment system and that the bank had not faced any financial loss.
Source: The Edition
On August 3, the Bank of Maldives (BML) announced that it had temporarily halted the processing of payroll and bulk transfers via Internet Banking and Favara, The Edition reports.
In a post on its Twitter account, the bank stated that deposits of large amounts must be requested via email.
BML reportedly made the changes after it erroneously deposited $77 billion in the accounts of Lily Beach employees during last month's payroll processing. The bank confirmed that the transfers had been reversed and that the payroll error had caused no losses.
It said the massive overpayments were the result of human error after changes to the bulk payment system and that the bank had not faced any financial loss.
Source: The Edition