Malaysia’s Second Finance Minister, Datuk Seri Amir Hamzah Azizan, revealed that as of October, RM12.8 billion in public unclaimed funds (Wang Tidak Dituntut, or WTD) remains uncollected.
According to Berita Harian, this amount is the balance from the RM17 billion in unclaimed funds submitted by companies and firms to the government.
Photo via Berita Harian
“As of 31 October, the total WTD handed over by companies and firms amounted to RM17 billion. Out of this, RM4.2 billion has been returned to rightful claimants, leaving RM12.8 billion unclaimed,” he explained during the wrap-up session of the 2025 Supply Bill.
Initiatives to Increase Public Awareness
The Accountant General’s Department of Malaysia (JANM) has undertaken efforts to raise awareness and encourage claims through 184 outreach booths across the country since 2022.
“In addition, informational sessions were held with companies, statutory bodies, local authorities, and other agencies to educate them about WTD. In 2024 alone, 108 such briefings have been conducted,” Amir Hamzah shared.
Proposal to Automate Returns
Responding to a suggestion by Pekan MP Datuk Seri Sh Mohmed Puzi Sh Ali, Amir Hamzah noted that the government would consider using updated data from the National Registration Department (JPN) to trace owners or heirs. This initiative could potentially allow funds to be credited automatically into claimants’ accounts.
Claim Process and Guidelines
Photo via South China Morning Post
For individuals wishing to claim unclaimed funds, the Registrar of WTD will verify the applicant’s legitimacy. If satisfied that the claimant is the rightful owner or legal heir, the Registrar will release the funds from either the Consolidated Trust Account or the Consolidated Revenue Account.
Applicants must provide sufficient documentation to prove their entitlement, and although there is no time limit for filing claims, the process requires strict adherence to the guidelines established by the Registrar.
For further details, visit the official website of the Accountant General’s Department of Malaysia.
