Objective

1. To increase awareness on Unclaimed Moneys Act 1965 (Act 370) among individuals, companies and firms;
2. To increase enforcement of Unclaimed Moneys Act 1965 (Act 370) on companies and firms;
3. To ensure and enhance Unclaimed Moneys management system efficiency and effectiveness; and
4. To efficiently and accurately execute Unclaimed Moneys refund process to rightful beneficial owner.

Client Charter

1. To issue Declaration of Unclaimed Moneys Inspection to the inspected company within 5 working days from the date of inspection.
2. To process the reimbursement of unclaimed moneys within 30 days upon receipt of a complete application.
3. To issue letter of confirmation on the proceeds from sale of securities or dividends thereof within 14 calendar days from receipt of the application.

Function

1. To enforce Unclaimed Moneys Act 1995 (Act 370).
2. To coordinate consulting services regarding Unclaimed Moneys and Unclaimed Securities.
3. To manage submission of Unclaimed Moneys.
4. To manage submission and refund of Unclaimed Moneys.
5. To manage Unclaimed Securities.
6. To manage general administration, personnel services and finance.