Money Laundering Statement

The prevention of money laundering is a key focus of regulatory authorities in developed countries around the world. Money laundering regulations are designed to inhibit the movement of funds derived from criminal activity and to restrict the availability of money to fund terrorist activities.

In accordance with our regulatory obligations, we have strict procedures in place to minimise the risk that our service could be used for money laundering purposes including:

  • Identification of all clients
  • Monitoring and reporting suspicious transactions
  • Maintaining records for at least five years
  • Training staff to recognise suspicious transactions and to be aware of their reporting obligations

In order to further reduce the risk that our service could be used for money laundering purposes, we do not deal in cash at all. We will not accept settlement of your transaction in cash, by cheque or by credit card. All money is received and remitted by us electronically.

We will not accept you as a client until we are satisfied that you are who you say you are. Furthermore, we reserve the right at any stage to refuse to process your transaction if you fail to provide us with satisfactory information or, if information you have provided to us subsequently appears to be misleading, incorrect or false.

We will not ask you to provide any information that is not necessary to satisfy our legal obligations. You should therefore comply with any request for information promptly. Your failure to do so could, in some circumstances, be regarded as suspicious. You should also assume that all information provided to us could be made available to regulatory authorities in both Australia and the other country associated with your transfer of funds.

WARNING: Money laundering is a criminal offence. You should be aware that, by misusing our service, you could expose yourself to criminal prosecution, as we are bound to automatically report such behaviour to the authorities. Examples of misuse include, but are not limited to:

  • Breaking a large transaction into smaller transactions to avoid reporting
  • Providing false or misleading contact details
  • Providing false identification documents

We do not want your business if the funds you are transferring are sourced from, or are related to, criminal activity.

IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. Incentive Remit (M) SDN BHD and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites.

DISCLAIMER: Incentive Remit makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website. Read full disclaimer. Incentive Remit provides international money transfer services to private clients and business customers.

Incentive Remit Sdn Bhd is a company that only provides remittance/cross border payment solutions.We do not provide any other financial related services, such as investment/savings etc. Please be aware that Incentive Remit Sdn Bhd does not assume any responsibility if you use such third-party products and services for losses. If you find any suspicious activity, please report it to our customer contact support team immediately via the following email and contact information.

Customer Service Contact Number: +60 10-257 3947
Email: [email protected]

Incentive Remit SDN BHD is regulated in Malaysia by Central Bank of Malaysia (766276-M). Read our Money Laundering Statement and Privacy Policy.