Malaysian business licence·Federal

Submission of Money Lender Transaction Statement Report (Community Credit)

Issued by Kementerian Pembangunan Kerajaan Tempatan (KPKT)Moneylenders Act 1951 [Act 400]; Moneylenders (Control and Licensing) Regulations 2003; Moneylenders (Compound Offences) Regulations 2018.

Overview

This license is required for money lenders to submit their transaction statement reports. It ensures compliance with regulations and allows for the monitoring of lending activities. Money lenders must adhere to this requirement to operate legally.

Key details

Governing Act
Moneylenders Act 1951 [Act 400]; Moneylenders (Control and Licensing) Regulations 2003; Moneylenders (Compound Offences) Regulations 2018.
Agency fees
RM 10,000 penalty for failure/delay
Validity
Annual renewal typical
Issuing authority
Kementerian Pembangunan Kerajaan Tempatan (KPKT)

Fees shown are government / local-authority fees payable to the issuing agency. Emerhub charges a separate service fee for handling the application end-to-end.

Application requirements

- Annual Transaction Statement Report must be submitted online via the integrated Data Electronic Pawn And Lending (iDEAL) system. - Submission period for the annual transaction statement is from January to February 1 of the following year.

Which businesses need it

Conditional