Legal Actions

Legal Actions

Horizon Remit Sdn. Bhd. (631085-P) is a Licensed Remittance Services Provider Agent company in Malaysia with 19 branches, 4 in West Malaysia and 15 in East Malaysia. It is an exclusively authorized Western Union Agent under Western Union Payments Sdn. Bhd. (970512-P) and regulated by Bank Negara Malaysia.

HRSB’s competent Compliance Team at its Head Quarters in Jalan Hang Kasturi, Kuala Lumpur shall ensure remittance transactions are rigorously checked to identify and detect any ML/TF activities at any of its outlets. Adequate procedures on ML/TF had been put in place for the complete oversight by its Management and Board of Directors.

 

All remittance activities are governed by the Anti-Money Laundering, Anti Terrorism Financing and Proceeds Of Unlawful Activities Act 2001 (AMLATFPUAA 2001) that provides for money laundering and terrorism financing offences. These activities are also governed by the Sector 3 Money Services Business Guidelines issued by Finanacial Intelligence and Enforcement Department (FIED), Bank Negara Malaysia. The regulatory aspects of the Remittance Operations are governed in accordance with the Money Services Business Act, 2011 by Bank Negara Malaysia.

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