What measures is the Housing Ministry taking against illegal Ah Longs?

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Housing Ministry's Measures Against Illegal Money Lenders

The Ministry of Housing and Local Government (KPKT) is actively collaborating with the police and implementing various initiatives to combat the activities of illegal money lenders, commonly known as 'Ah Longs'. These efforts include enforcing regulations on licensed lenders and raising public awareness to prevent individuals from falling victim to unlicensed operators.
Collaboration with Police to Curb 'Ah Long' Activities

KPKT has been working with the Commercial Crime Investigation Department of the police since 2006 to address the issue of unlicensed money lenders. This partnership has led to a significant number of investigations, with 434 investigation papers opened between January and May this year alone. In the previous year, a total of 1,082 cases involving 'Ah Longs' were investigated, highlighting the ongoing nature of this enforcement effort.
Enforcement and Monitoring of Licensed Lenders

The ministry conducts regular inspections and monitoring of licensed community credit companies to ensure their compliance with the Moneylenders Act 1951 (Act 400). This includes spot checks on premises suspected of violating the Act or engaging in criminal activities such as fraud or violence against borrowers. KPKT also liaises with Bank Negara Malaysia to ensure that licensed community credit companies are not involved in money laundering activities.
Public Awareness and Borrower Protection Initiatives

To prevent individuals from being exploited by 'Ah Longs', KPKT implements initiatives aimed at educating the public about their rights as borrowers. These efforts seek to encourage borrowing from licensed community credit companies and government-regulated financial institutions. The i-KrediKom mobile application serves as a resource for the public to find licensed companies and report any misconduct by errant money lenders.

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What measures is the Housing Ministry taking against illegal Ah Longs?

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