Companies seeking exemption from the provisions of the Moneylending Act are required to submit a letter of application to the Financial Secretary of the Ministry of Finance, accompanied by the following information and documentation in duplicate:
The objectives are to:
Any monies which have remained in the possession or under the control of a bank for a period of 15 or more years may be categorized as an unclaimed balance. The Ministry of Finance and the Public Service under the Banking Act is only responsible for publishing unclaimed balances in the newspaper. Any query about such balances must be made to the relevant banking institutions or the Accountant General’s Department where such funds are recoverable.