I-Remit, Inc. (I) is engaged in the business of servicing the remittance needs of overseas Filipino workers. I was incorporated on March 5, 2001 and started commercial operations on November 11, 2001. The company is duly registered with the Bangko Sentral ng Pilipinas as a remittance agent and is Anti-Money Laundering Act (AMLA)-compliant in all of the countries it operates. I's list of services also includes auxiliary services such as liasing and coordinating with, and accepting and distributing membership contributions, loan amortization payments, and premium payments to various government and non-government entities such as the Social Security System, the Home Development Mutual Fund, and the Philippine Health Insurance Corporation, as well as various insurance, pre-need and real estate companies. The company's subsidiaries are as follows: International Remittance (Canada) Ltd.; IRemit Australia Pty. Ltd. and Worldwide Exchange Pty. Ltd., both based in Australia; IRemit Europe Remittance Consulting, AG in Austria; IRemit Global Remittance Limited in United Kingdom; I-Remit New Zealand, Ltd.; and Lucky Star Management Limited and Power Star Asia Group Limited, both based in Hong Kong. I has one associate, IRemit Singapore Pte. Ltd. I currently operates in 25 countries and territories worldwide. Source: SEC Form 17-A (2008)