What is unclaimed money in Malaysia?

About the Unclaimed Money Act 1965

关于1965年无人认领款项法令

Minister of Finance appointed Accountant General as a Registrar to:

财政部长任命总会计师去执行以下责任：

- Be a trustee to the unclaimed moneys received

- 成为收到的无人认领款项的受托人

- Refund the unclaimed moneys to claimants

- 将无人认领的款项退还给索赔人

- To ensure company comply with the Act

-确保公司遵守该法令

- To impose penalty if offence committed

- 如果发现犯罪，将处以罚款

What are unclaimed money?

什么是无人认领的款项?

1. You are required to pay money to the person/company legally but remained unpaid more than one year.

Such as: Salaries, bonus, dividend, fixed deposit, sundry creditors and etc

你依法应支付但超过一年仍未支付的款项

例如：薪水，员工花红，股息，定期存款，杂项供应商等等

2. Bank account has no any transaction for more than 7 years.

Such as: saving account, current account and fixed deposit (with automatic renewal instruction)

银行存款超过七年没有交易

例如：储蓄户口，来往户口，自动更新的定期存款

3. Trade creditor or trade debtors (credit balance) remained dormant more than 2 years

供应商或顾客（credit balance）保持休眠状态超过两年

How to register and lodge unclaimed moneys?

如何登记和提交无人认领款项？

Company shall record all unclaimed moneys in a register.

持有无人认领款项的公司应将所有无人认领款项记录在登记册中，

Company shall lodge register all the unclaimed moneys up to 31 December annually together with unclaimed moneys by 31 Mar of next year

公司每年需提交直至12月31日无人认领款项详情以及支付

截止日期：隔年3月31日

Guideline on submission of unclaimed moneys (2020 edition)

提交无人认领款项指南（2020年版）

http://www.anm.gov.my/images/bwtd/2020/BI/2.%20Guideline%20on%20Submission%20of%20%20Unclaimed%20Moneys%20(2020%20Edition).pdf

If you didn’t do so?

如果你不做，会怎样？

Company and every officer who is in default is liable to a fine not exceeding RM 20,000.

A further fine not exceeding RM1,000 for each day if the offence continues.

公司以及有关联人物将处以不超过两万令吉的罚款。再犯者，将另外处以每天不超过一千令吉的罚款

Reference:

http://www.anm.gov.my/images/PDF/wtd/Lampiran%201%20(English%20Version).pdf

http://www.anm.gov.my/images/bwtd/2020/BI/2.%20Guideline%20on%20Submission%20of%20%20Unclaimed%20Moneys%20(2020%20Edition).pdf

This message was brought to you by KTP

SecKtp KtpAugust 8, 2022UnclaimedMoney, BNM