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Unclaimed Moneys Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Unclaimed money can help fund development

PETALING JAYA: The shortening of the lapse period to forfeit unclaimed money will expand the government’s revenue which can then be translated into expenses for the benefit of the rakyat, say experts.

Under proposed amendment, govt to consider unclaimed money as revenue after 10 years

Finance Ministry: RM3 4b in unclaimed moneys being reclaimed as of May 31, 2023

KUALA LUMPUR, June 17 ― The amount of unclaimed moneys (UM) being reclaimed as of May 31 this year totals RM3.4 billion, according to the Finance Ministry (MoF). The ministry.

Efforts must be made to return unclaimed monies to rightful owners, says Lee Lam Thye

KUALA LUMPUR: A whopping sum of RM11bil of monies belonging to the rakyat remains unclaimed, as of last month, and should be returned to the rightful owners, says Tan Sri Lee Lam Thye.

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