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.