Money Changing and Remittance Businesses

Money-changing and remittance businesses are licensed and governed under the Money-Changing and Remittance Businesses Act. MAS supervises the money-changing and remittance licensees primarily for anti-money laundering and countering the financing of terrorism purposes.

For the latest list and number of money-changing and remittance licensees in Singapore, please refer to the Financial Institutions Directory

If you have information to suspect that an individual or a company is conducting or advertising to conduct money-changing or remittance business without a valid money-changer’s or  remittance licence respectively, you can call (65)-6225-5577 or write to the Banking Department II of MAS at webmaster@mas.gov.sg or Monetary Authority of Singapore, MAS Building, 10 Shenton Way, Singapore 079117.

Last Modified on 26/11/2016