A study on the adequacy and enforcement of the existing laws on illegal money lenders in Malaysia / Afiqah Abd Aziz … [et al.]

This project paper is concern about the adequacy and enforcement of the existing laws towards illegal moneylenders in Malaysia. Basically it is about the illegal moneylender's activities regarding to lending the money and their violence towards people who not paid the money back. It involved Mo...

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Bibliographic Details
Main Authors: Abd Aziz, Afiqah, Shafie, Nur Syahirah, Kuick, Cofrina, Idris, Mohd Izzat, Mohamad Razman, Mohamad Hafiz
Format: Student Project
Language:English
Published: 2010
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/47091/1/47091.pdf
https://ir.uitm.edu.my/id/eprint/47091/
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Summary:This project paper is concern about the adequacy and enforcement of the existing laws towards illegal moneylenders in Malaysia. Basically it is about the illegal moneylender's activities regarding to lending the money and their violence towards people who not paid the money back. It involved Moneylenders Act 1951, Anti Money Laundering Act, Contract Act, and Penal Code. These project papers touch about laws and its components. A study and research had been conducted in determining the strength and weaknesses of the laws. It also determines the practicability and effectiveness of these laws. We also include our recommendation and conclusion at the end of our project paper which we hope it would help to make our laws more effective regarding to this issue.