Unclaimed Moneys Act 1965

http://www.lawyerment.com/library/kb/Banking_and_Finance/Banking/1152.htm
http://www.anm.gov.my/public_html/eng/default/khidmat.php

unfortunately in the business world, although ethics should be practised, it is not often done. A lot of corruption occurs and almost all the time, there will be someone who gets the short end of the stick. this is why there is a need to have acts imposed such as the unclaimed Moneys Act.
This ultimately is a way of making sure the unclaimed moneys is not kept by businesses for their own benefits. So what qualifies to be unclaimed money?

Moneys which are legally payable to the owner but have remained unpaid for a period of not less than one year.

Examples under this category are :
salaries, wages, bonuses, commissions and other payments due to employees;
dividends
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.

Malaysian law

The Malaysian legal system is based on English common law, and that is a very good thing for the country because the English common law is used internationally, and therefore people from around the world are able to identify with it.
If there are any problems with the Justice system within the country, they may require assistance from international sources to help them rule. This is a practice which Malaysia is familiar with since before January 1, 1985, the Federal Court was the highest court in the country but its decisions were further appealable to the Privy Council in London. Although it is not a common practice in today's age, it is still possible to request for assistance from these other countries if adequate rulings cannot be made, especially since they are neutral third parties.

http://jurist.law.pitt.edu/WORLD/malaysia.htm