IME International - Introduction

IME (M) Sdn. Bhd., formerly known as IME Impex Sdn.Bhd. was established in March 2002 under the Malaysian Companies Act 1965. It is the first remittance company licensed by Bank Negara Malaysia, (Central Bank of Malaysia) to offer outbound remittance services for the migrant workers other than banks as stated in Bank Negara Malaysia’s November 2004 Monthly Statistical Bulletin . IME operates in compliance with Bank Negara’s rules and regulations and all international rules and codes on money remittance operators.

Its remittance operations in Malaysia and role in facilitating remittance flows from Malaysia to other countries were also documented in Asian Development Bank’s 2006 Report on Workers’ Remittance Flows in South East Asia with reference to Malaysia. However, IME has since diversified its remittance operations in March 2007 in line with the new licensing policy of Bank Negara Malaysia. The company now handles both outward and inward remittances. The company has been providing remittance services to different parts of the world, particularly South and South East Asian countries.

IME has forty six (46) offices in Malaysia covering all major cities and towns. Apart form this, IME has also obtained approval from Central Bank of Malaysia to operate International Remittance Hub (IRH) to offer remittance services to other remittance operators outside Malaysia particularly from the Middle East. These remittance operators can remit money through the IRH to other parts of the world where IME has correspondent relationship. IME has also affiliated offices in England and Australia.