Ah long money lender They lend money to people who are unable to obtain loans from banks or other legal sources, mostly targeting habitual gamblers. Learn the main qualities you can look for when choosing for a licensed moneylender. Jun 24, 2024 · With the “Ah Long” menace being a never-ending story, TODAY takes a closer look at how unlicensed moneylender harassment tactics have evolved in this digital age, and why this illicit industry Unlicensed moneylenders, also known as 'loansharks' or 'Ah Longs', often target financially vulnerable individuals. Ah Long (derived from the Cantonese phrase '大耳窿' ('big ear hole')) is a colloquial term for illegal loan sharks in Malaysia and Singapore. Their victims are often people who struggle to obtain legal loans but urgently need money for living expenses or to pay off existing debts. May 5, 2024 · Discover the difference between licensed money lender and illegal money lender in Singapore or also known as loan shark or ah long. Jul 26, 2023 · KUALA LUMPUR: They may be registered with the Local Government Development Ministry and regulated by the Moneylenders Act 1951 (Act 400) but certain licensed moneylending companies appear to operate like loansharks or "ah long" by charging high interest rates. In fact, there are legal moneylenders who are regulated by the government, more specifically by The Ministry of Housing and Local Government (KPKT). Feb 15, 2024 · Need the lowdown on the battle between “Ah Long” vs licensed money lenders in Singapore? Look no further! In this quick read, we’ll dive into the details you need to know to make informed decisions. Jun 24, 2024 · With the “Ah Long” menace being a never-ending story, TODAY takes a closer look at how unlicensed moneylender harassment tactics have evolved in this digital age, and why this illicit industry Unlicensed moneylenders, also known as 'loansharks' or 'Ah Longs', often target financially vulnerable individuals. Mar 29, 2024 · Many are confused with the general misconception that all moneylenders are ‘Ah Longs’ or loan sharks, who charge high-interest rate. .