The Registrar is responsible for carrying out the obligations and functions vested under Part II of the Unclaimed Moneys Act 1965 as follows :

1. As trustee to the unclaimed moneys received;
2. To refund the unclaimed moneys to claimants who provide proof that he has a legal right over the money to be claimed;
3. To inspect the records of company or firm to ensure compliance with the provisions of the Act;
4. To suggest the imposition of compound and penalty on company or firm that has committed an offence under the Act.

Accountant General was appointed by the Finance Minister as Registrar of Unclaimed Moneys ( WTD ) on June 1, 1975.
Appointment of Registrar of Unclaimed Moneys pursuant to section 9 ( 1 ) and section 9 ( 2 ) Unclaimed Monies Act 1965 are as follows :

P.U.(B) 221

1. Moneys which are legally payable to the owner but have remained unpaid for a period of not less than one (1) year.
   
   Examples under this category are :
   • salaries, wages, bonuses, commissions and other payments due to employees;
   • dividend;
   • profits declared for distributions;
   • insurance claims which have been approved for payment;
   • bank draft, cashier's order and other documents of similar nature which validity period have lapsed;
   • fixed deposits (without automatic renewal instructions) which have matured;
   • tender deposits for which the intended purpose has been fulfilled;
   • sundry creditors or sundry debtors with credit balance.


2. Moneys standing to the credit of an account that has not been operated in whatever manner by the owner for a period of not less than seven (7) years.
   
   Examples under this category are :
   • saving account;
   • current account;;
   • fixed deposit (with automatic renewal instructions).


3. Moneys to the credit of a trade account that has remained dormant for a period of not less than two (2) years.
   
   Examples under this category are :
   • trade creditors account;
   • trade debtors account with credit balance.

• Company incorporated under the provisions of The Companies Act 1965 (or Foreign companies as specified under Division 2 of Part XI of the same Act) and includes;


• Boards established to manage funds relating to retirement benefits;


• All registered societies and cooperative societies;


• Corporations, public authorities and trade unions; and


• Firms (i.e unincorporated body of persons associated together to carry out business).

Awareness Program of Unclaimed Moneys Act 1965 is held monthly and organized by JANM each state. The briefing schedule can be obtain through Schedule for Awareness Program. Before entering the briefing, participants are required to fill up the Attendance Form for Awareness Program and must submit the form to the secretariat before the briefing. Inspection of Unclaimed Moneys is to ensure that companies / firms comply with the provisions of the Unclaimed Monies Act 1965. Only authorized personnel are allowed to perform this Inspection. List of inspectors are as per List of Authorised Inspection Officer.

According to Section 10, Unclaimed Moneys Act 1965, company/firm is responsible for the following actions :

1. Maintain a record of all Unclaimed Moneys in a register to be kept at its principal office or place of business in Malaysia in the form to be determined by the Registrar.
2. Lodge with the Registrar of Unclaimed Moneys at his office a copy of the Unclaimed Moneys register not later than the last day of March.
3. Submit a copy of the Unclaimed Moneys register for publication in the Gazette.

Starting from 2021, company/firm shall encrypt Register of Unclaimed Moneys (Pin.1/2018) using WTD Submission Kit. The Registrar will provide link for downloading WTD Submission Kit upon request through This email address is being protected from spambots. You need JavaScript enabled to view it.. Company/firm may download guideline and documents needed for Unclaimed Moneys Submission below :

Section 13 (1), Unclaimed Moneys Act 1965

• Registrar of Unclaimed Money upon being satisfied that the claimant is the owner of the moneys, shall authorize payment thereof to be made to him out of Consolidated Trust Account or Revenue Account.

• Claimant need to prove to Registrar that he is the rightful owner of the unclaimed moneys or have the legal right over the unclaimed moneys.

• There are no time limitation for the application of unclaimed moneys.

• Registrar had already set the guidelines for application of unclaimed moneys by listing the documents required to be submitted together with the application. (Please refer to the brochure guidelines for application of unclaimed moneys).

1. Unclaimed securities consist of shares, bonds and other financial instruments belonging to the public which are transferred to the Government in the name of Minister of Finance and Accountant General under the various Acts. Although these securities are transferred to the Minister of Finance or the Accountant General, the Government still maintains the record of original owners for the sole purpose of returning these securities/proceeds thereof to the owners/their heirs sometime in the future.
2. The Government through Accountant General Department’s acts as a trustee for all the unclaimed securities surrendered to the Government pursuant to Section 14, 29 and 30 of Securities Central Industry Depositories Act 1991 (SICDA) -Amendment 1998 Act A1039, Section 65 Trustee Act 1949, Section 36 Trust Companies Act 1949 and Section 583 Companies Act 2016. 
3. All proceeds in the form of dividends, interest and proceeds from the sale of securities are firstly accrued in the records to the owner before the money is lodged with the Registrar of Unclaimed Moneys. The lodged moneys will be subjected to Unclaimed Moneys Act 1965 and the owner/his successor/ heir can forward his claim at any time because is no limitation of period imposed.

Checklist (Amd.1/2021) - Application for Sale Proceeds / Dividend of Securities