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KPKT to ensure credit community companies comply with existing laws 28 Jun 2021 / 07:31 H. PUTRAJAYA: The Ministry of Housing and Local Government (KPKT) will ensure that the community credit sector or licensed money lenders comply with the provisions under the Moneylenders Act 1951 (Act 400). In a statement yesterday, KPKT said regular inspections and monitoring would be carried out on community credit companies as well as spot checks on premises suspected of committing offences under Act 400 or engaging in criminal offences such as fraud or violence against borrowers. It said the ministry had been collaborating with the police from the Commercial Crime Investigation Department since 2006 to curb the activities of unlicensed money lenders known as ‘Ah Longs’.

Peninsular malaysiaMalaysia generalCrime investigation departmentMinistry of housingCommunity credit control divisionBank negara malaysiaLocal governmentMoneylenders actCommercial crime investigation departmentAnti money launderingCounter financingPhase oneMoneylenders ordinanceதீபகற்பம் மலேசியாகுற்றம் விசாரணை துறைஅமைச்சகம் ஆஃப் வீட்டுவசதி